Stevens Capital Management LP Makes New $614,000 Investment in Domino's Pizza, Inc. (NASDAQ:DPZ)

Stevens Capital Management LP bought 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 SEC. The institutional investor bought 1,463 shares of the restaurant operator's stock, valued at approximately $614,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DPZ. Principal Financial Group Inc. lifted its position in shares of Domino's Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock worth $716,681,000 after acquiring an additional 23,681 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Domino's Pizza during the third quarter valued at approximately $680,000. PNC Financial Services Group Inc. boosted its position in Domino's Pizza by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 10,381 shares of the restaurant operator's stock valued at $4,465,000 after buying an additional 479 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Domino's Pizza by 155.3% in the 3rd quarter. Avior Wealth Management LLC now owns 457 shares of the restaurant operator's stock valued at $197,000 after acquiring an additional 278 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Domino's Pizza by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator's stock worth $185,000 after purchasing an additional 40 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts have recently issued reports on DPZ shares. Loop Capital reduced their target price on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th. TD Securities reissued a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Monday, February 24th. BMO Capital Markets increased their price target on shares of Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. TD Cowen reissued a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Monday, February 24th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $503.41.

Domino's Pizza Trading Down 5.1 %

Shares of Domino's Pizza stock traded down $24.16 during trading on Friday, reaching $447.12. The company's stock had a trading volume of 790,069 shares, compared to its average volume of 621,065. The company has a 50-day moving average price of $459.46 and a two-hundred day moving average price of $441.24. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a market cap of $15.33 billion, a PE ratio of 27.46, a P/E/G ratio of 2.47 and a beta of 1.06.

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

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's payout ratio is 41.70%.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock valued at $3,762,052 over the last quarter. Corporate insiders own 0.76% of the company's stock.

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.