Quantbot Technologies LP Purchases New Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Quantbot Technologies LP purchased a new position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,367 shares of the restaurant operator's stock, valued at approximately $4,352,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DPZ. Berkshire Hathaway Inc bought a new stake in Domino's Pizza during the third quarter worth $549,399,000. Janney Montgomery Scott LLC raised its holdings in shares of Domino's Pizza by 278.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after buying an additional 8,136 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Domino's Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock worth $2,398,000 after buying an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Domino's Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator's stock worth $98,545,000 after buying an additional 2,201 shares during the last quarter. Finally, Alta Capital Management LLC boosted its stake in Domino's Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock valued at $2,999,000 after buying an additional 1,214 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Remove Ads

Domino's Pizza Stock Up 2.0 %

DPZ traded up $8.99 during midday trading on Wednesday, hitting $461.67. The company had a trading volume of 474,541 shares, compared to its average volume of 607,372. The stock's 50 day moving average price is $451.73 and its 200 day moving average price is $438.74. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 28.36, a PEG 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 analysts' consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.48 earnings per share. Research analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

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

Insider Activity at Domino's Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,597 shares of company stock valued at $3,762,052. 0.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DPZ shares. Citigroup raised their price target on shares of Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Benchmark restated a "buy" rating and issued a $520.00 target price on shares of Domino's Pizza in a research report on Tuesday, February 25th. Argus cut shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a research note on Thursday, February 20th. Finally, Morgan Stanley reduced their price objective on Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average price target of $503.41.

About Domino's Pizza

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.