Baird Financial Group Inc. Has $5.10 Million Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Baird Financial Group Inc. raised its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 289.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,138 shares of the restaurant operator’s stock after buying an additional 9,020 shares during the period. Baird Financial Group Inc.’s holdings in Domino’s Pizza were worth $5,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after purchasing an additional 8,136 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Domino’s Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after buying an additional 1,762 shares during the last quarter. Alta Capital Management LLC lifted its position in Domino’s Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after buying an additional 1,214 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after acquiring an additional 21,705 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Domino’s Pizza in the 4th quarter valued at about $282,000. Institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 in the last three months. Insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DPZ. BMO Capital Markets increased their price target on shares of Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Barclays lowered their target price on Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating for the company in a research note on Wednesday, April 30th. TD Securities reaffirmed a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, April 28th. Royal Bank of Canada lifted their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley upped their target price on shares of Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $498.50.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $479.37 on Friday. The stock has a 50-day simple moving average of $464.18 and a 200 day simple moving average of $451.90. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44. The company has a market cap of $16.41 billion, a PE ratio of 29.45, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 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 2.5% on a year-over-year basis. During the same period last year, the business earned $3.58 EPS. On average, research analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.45%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

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.