Picton Mahoney Asset Management Has $9.64 Million Stock Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Picton Mahoney Asset Management boosted its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,971 shares of the restaurant operator's stock after acquiring an additional 1,895 shares during the period. Picton Mahoney Asset Management owned 0.07% of Domino's Pizza worth $9,642,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. United Capital Management of KS Inc. lifted its stake in Domino's Pizza by 2.6% in the fourth quarter. United Capital Management of KS Inc. now owns 2,205 shares of the restaurant operator's stock valued at $926,000 after buying an additional 56 shares during the period. Aviso Financial Inc. lifted its stake in Domino's Pizza by 7.7% in the fourth quarter. Aviso Financial Inc. now owns 7,449 shares of the restaurant operator's stock valued at $3,125,000 after buying an additional 535 shares during the period. Rakuten Securities Inc. lifted its stake in Domino's Pizza by 63.9% in the fourth quarter. Rakuten Securities Inc. now owns 218 shares of the restaurant operator's stock valued at $92,000 after buying an additional 85 shares during the period. Avantax Advisory Services Inc. lifted its stake in Domino's Pizza by 7.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 833 shares of the restaurant operator's stock valued at $350,000 after buying an additional 60 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the period. Institutional investors own 94.63% of the company's stock.

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Domino's Pizza Stock Up 2.0 %

Shares of NASDAQ DPZ traded up $8.99 during midday trading on Wednesday, hitting $461.67. 474,541 shares of the company's stock were exchanged, compared to its average volume of 607,372. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The company's 50 day moving average price is $451.73 and its 200 day moving average price is $438.74. The firm has a market capitalization of $15.83 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business's revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.48 earnings per share. On average, equities research analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is presently 41.70%.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares of the company's stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,597 shares of company stock valued at $3,762,052. Insiders own 0.76% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Oppenheimer increased their target price on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. BMO Capital Markets raised their price target on Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. TD Securities reaffirmed a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, February 24th. TD Cowen reaffirmed a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, February 24th. Finally, Barclays raised their price target on Domino's Pizza from $402.00 to $420.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $503.41.

Domino's Pizza Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.