Trust Point Inc. Purchases Shares of 544 Domino’s Pizza Inc (NASDAQ:DPZ)

Trust Point Inc. purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 544 shares of the restaurant operator’s stock, valued at approximately $250,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza during the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its holdings in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Covestor Ltd increased its position in Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Domino’s Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $458.78 on Wednesday. Domino’s Pizza Inc has a one year low of $396.06 and a one year high of $535.98. The company has a market cap of $15.71 billion, a PE ratio of 26.31, a PEG ratio of 2.58 and a beta of 1.11. The firm has a 50-day moving average of $474.59 and a 200-day moving average of $458.19.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.58 earnings per share. On average, equities research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DPZ. Benchmark increased their price objective on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Barclays decreased their price target on Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. Wedbush restated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Guggenheim reiterated a “neutral” rating on shares of Domino’s Pizza in a report on Thursday, May 15th. Finally, Redburn Atlantic initiated coverage on Domino’s Pizza in a research note on Tuesday, June 10th. They issued a “sell” rating and a $340.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $487.17.

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.