Quarry LP Acquires 198 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Quarry LP boosted its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 101.0% in the fourth quarter, Holdings Channel reports. The firm owned 394 shares of the restaurant operator’s stock after purchasing an additional 198 shares during the quarter. Quarry LP’s holdings in Domino’s Pizza were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DPZ. Norges Bank bought a new position in Domino’s Pizza during the fourth quarter worth about $250,571,000. Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after buying an additional 191,752 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $41,701,000. Geode Capital Management LLC increased its holdings in shares of Domino’s Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after buying an additional 92,389 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth approximately $32,592,000. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,996 shares of company stock valued at $3,946,461. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Trading Up 0.6 %

NASDAQ DPZ opened at $490.64 on Tuesday. The stock has a 50-day simple moving average of $462.91 and a 200 day simple moving average of $448.85. The company has a market capitalization of $16.83 billion, a PE ratio of 30.14, a P/E/G ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. During the same period in the previous year, the business earned $3.58 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.42%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

Analysts Set New Price Targets

DPZ has been the subject of several recent analyst reports. TD Securities reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a report on Monday. Wedbush reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Benchmark reaffirmed a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Morgan Stanley dropped their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Barclays raised their price target on shares of Domino’s Pizza from $420.00 to $425.00 and gave the company an “underweight” rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have 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 a consensus price target of $500.68.

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.