National Bank of Canada FI Raises Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

National Bank of Canada FI grew its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 86.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,124 shares of the restaurant operator’s stock after purchasing an additional 16,715 shares during the quarter. National Bank of Canada FI owned about 0.10% of Domino’s Pizza worth $15,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DPZ. Norges Bank purchased a new stake in Domino’s Pizza in the fourth quarter worth about $250,571,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $41,701,000. Raymond James Financial Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $32,592,000. Country Trust Bank bought a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $29,424,000. Finally, Tidal Investments LLC lifted its position in Domino’s Pizza by 737.1% during the 3rd quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock valued at $24,708,000 after acquiring an additional 50,579 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer increased their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Benchmark reiterated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Stephens reiterated an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a research report on Wednesday. Morgan Stanley cut their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, TD Cowen reiterated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

Shares of DPZ opened at $444.21 on Friday. The firm has a fifty day moving average price of $461.64 and a 200 day moving average price of $443.04. The stock has a market cap of $15.24 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its 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 firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $4.48 earnings per share. As a group, equities analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.57%. Domino’s Pizza’s payout ratio is currently 41.70%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 2,104 shares of the business’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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company’s stock.

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.