Wealthfront Advisers LLC Buys 5,864 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Wealthfront Advisers LLC boosted its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 110.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,188 shares of the restaurant operator’s stock after acquiring an additional 5,864 shares during the quarter. Wealthfront Advisers LLC’s holdings in Domino’s Pizza were worth $4,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter worth about $25,000. True Wealth Design LLC boosted its stake in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Private Trust Co. NA boosted its stake 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 worth $61,000 after buying an additional 37 shares in the last quarter. Allworth Financial LP raised its stake in shares of Domino’s Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after acquiring an additional 41 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Domino’s Pizza by 57.9% during the fourth quarter. Blue Trust Inc. now owns 199 shares of the restaurant operator’s stock worth $86,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DPZ shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a report on Thursday, February 20th. TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Barclays lifted their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a report on Tuesday, February 25th. TD Securities restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction dated 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 transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’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 completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Domino’s Pizza Trading Down 2.3 %

Shares of Domino’s Pizza stock opened at $428.67 on Friday. The business has a fifty day simple moving average of $450.77 and a two-hundred day simple moving average of $437.97. The firm has a market capitalization of $14.70 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for 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%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $4.48 earnings per share. Analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $1.74 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.62%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Domino’s Pizza 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.