Daiwa Securities Group Inc. Purchases 431 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Daiwa Securities Group Inc. boosted its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 9.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,188 shares of the restaurant operator’s stock after buying an additional 431 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Domino’s Pizza were worth $2,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DPZ. Larson Financial Group LLC raised its holdings in Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after purchasing an additional 28 shares in the last quarter. E Fund Management Co. Ltd. bought a new position in Domino’s Pizza in the 4th quarter worth $477,000. HS Management Partners LLC raised its holdings in Domino’s Pizza by 11.6% in the 4th quarter. HS Management Partners LLC now owns 96,140 shares of the restaurant operator’s stock worth $40,356,000 after purchasing an additional 10,010 shares in the last quarter. Raymond James Financial Inc. bought a new position in Domino’s Pizza in the 4th quarter worth $32,592,000. Finally, Arizona State Retirement System raised its holdings in Domino’s Pizza by 0.4% in the 4th quarter. Arizona State Retirement System now owns 10,031 shares of the restaurant operator’s stock worth $4,211,000 after purchasing an additional 38 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. TD Securities restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. Robert W. Baird reduced their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley reduced their target price on shares of 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. Citigroup upped their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Stock Down 0.7 %

Shares of NASDAQ:DPZ opened at $425.58 on Friday. The firm’s 50 day moving average price is $450.39 and its 200-day moving average price is $437.92. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The stock has a market capitalization of $14.60 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $4.48 EPS. Domino’s Pizza’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction that occurred 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 owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock worth $3,762,052 in the last quarter. Company 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.