Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,671 shares of the restaurant operator’s stock after purchasing an additional 16,713 shares during the period. Fisher Asset Management LLC owned about 0.25% of Domino’s Pizza worth $35,961,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Private Trust Co. NA grew its holdings in Domino’s Pizza by 34.3% in the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock valued at $61,000 after purchasing an additional 37 shares during the period. QRG Capital Management Inc. grew its holdings in Domino’s Pizza by 13.5% in the fourth quarter. QRG Capital Management Inc. now owns 605 shares of the restaurant operator’s stock valued at $254,000 after purchasing an additional 72 shares during the period. Proficio Capital Partners LLC acquired a new stake in Domino’s Pizza in the fourth quarter valued at approximately $15,724,000. Oppenheimer & Co. Inc. lifted its position in shares of Domino’s Pizza by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after acquiring an additional 23 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Domino’s Pizza by 562.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 59,037 shares of the restaurant operator’s stock valued at $24,781,000 after acquiring an additional 50,131 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 1.5 %

DPZ stock opened at $489.71 on Monday. The company has a market capitalization of $16.80 billion, a PE ratio of 30.08, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The business’s fifty day moving average price is $444.92 and its 200 day moving average price is $436.22.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.48 EPS. Research analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.42%. 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 currently 41.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Morgan Stanley decreased their target price on 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. Barclays raised their target price on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Finally, Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $503.41.

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.