Lee Danner & Bass Inc. Acquires Shares of 100 Domino’s Pizza, Inc. (NASDAQ:DPZ)

Lee Danner & Bass Inc. acquired a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, Holdings Channel reports. The fund acquired 100 shares of the restaurant operator’s stock, valued at approximately $42,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after acquiring an additional 307,528 shares during the period. Principal Financial Group Inc. grew its stake in Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares during the period. Berkshire Hathaway Inc acquired a new stake in Domino’s Pizza in the third quarter valued at approximately $549,399,000. Bank of New York Mellon Corp lifted its holdings in shares of Domino’s Pizza by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after purchasing an additional 8,753 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new position in shares of Domino’s Pizza in the third quarter valued at approximately $99,352,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling

In related news, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 over the last ninety days. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $461.40 on Friday. The stock has a market cap of $15.82 billion, a PE 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 fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a fifty day moving average of $454.96 and a 200-day moving average of $439.66.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results 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 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 revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.48 earnings per share. On average, sell-side analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS 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. Investors of record on Friday, March 14th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.51%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DPZ shares. Oppenheimer raised their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. TD Securities restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Benchmark restated a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Thursday, February 20th. Finally, Loop Capital dropped their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

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.