Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 13.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,429 shares of the restaurant operator’s stock after purchasing an additional 653 shares during the quarter. Cibc World Markets Corp’s holdings in Domino’s Pizza were worth $2,279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DPZ. Sherman Asset Management Inc. acquired a new stake in Domino’s Pizza during the fourth quarter valued at approximately $25,000. True Wealth Design LLC raised its stake in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares in the last quarter. Private Trust Co. NA raised its stake in Domino’s Pizza by 34.3% during the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 37 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Domino’s Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DPZ. Stephens reiterated 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. Robert W. Baird dropped their price target on 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. TD Securities reiterated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Oppenheimer increased 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. Finally, Argus cut 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 assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Stock Up 0.9 %

DPZ opened at $466.05 on Friday. The firm has a market cap of $15.98 billion, a PE ratio of 28.63, a P/E/G ratio of 2.47 and a beta of 1.06. The business has a fifty day simple moving average of $453.78 and a 200-day simple moving average of $439.09. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released 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). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.48 earnings per share. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business 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 dividend of $1.74 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Insider Transactions at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock valued at $3,762,052 in the last three months. 0.76% of the stock is currently owned by corporate insiders.

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.