Stevens Capital Management LP Purchases New Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Stevens Capital Management LP purchased a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 1,463 shares of the restaurant operator’s stock, valued at approximately $614,000.

Several other hedge funds have also added to or reduced their stakes in DPZ. Principal Financial Group Inc. boosted its holdings in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after buying an additional 23,681 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Domino’s Pizza during the third quarter worth about $680,000. PNC Financial Services Group Inc. boosted its holdings in Domino’s Pizza by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 10,381 shares of the restaurant operator’s stock worth $4,465,000 after buying an additional 479 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in Domino’s Pizza by 155.3% during the third quarter. Avior Wealth Management LLC now owns 457 shares of the restaurant operator’s stock worth $197,000 after buying an additional 278 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Domino’s Pizza by 10.3% during the third quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock worth $185,000 after buying an additional 40 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DPZ. Stephens reaffirmed an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research report on Monday, March 3rd. Oppenheimer raised their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Wedbush reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $520.00 price target 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $503.41.

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 stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,597 shares of company stock worth $3,762,052. 0.76% of the stock is owned by company insiders.

Domino’s Pizza Stock Down 1.0 %

NASDAQ:DPZ opened at $461.40 on Monday. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The stock’s 50 day moving average price is $454.96 and its two-hundred day moving average price is $439.90.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS 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 for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm posted $4.48 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Domino’s Pizza Company 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.