HB Wealth Management LLC Takes Position in Domino’s Pizza, Inc. (NYSE:DPZ)

HB Wealth Management LLC bought a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 652 shares of the restaurant operator’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG grew its position in shares of Domino’s Pizza by 41.2% in the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock valued at $42,609,000 after purchasing an additional 32,797 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Domino’s Pizza by 39.6% in the third quarter. Nordea Investment Management AB now owns 3,388 shares of the restaurant operator’s stock valued at $1,295,000 after buying an additional 961 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Domino’s Pizza by 5.3% in the third quarter. Ameriprise Financial Inc. now owns 134,784 shares of the restaurant operator’s stock valued at $51,056,000 after buying an additional 6,807 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Domino’s Pizza by 1,464.8% in the third quarter. Assenagon Asset Management S.A. now owns 19,263 shares of the restaurant operator’s stock valued at $7,297,000 after buying an additional 18,032 shares during the period. Finally, Andra AP fonden boosted its stake in shares of Domino’s Pizza by 45.1% in the third quarter. Andra AP fonden now owns 23,500 shares of the restaurant operator’s stock valued at $8,902,000 after buying an additional 7,300 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DPZ. HSBC started coverage on Domino’s Pizza in a research note on Wednesday, December 20th. They issued a “buy” rating and a $466.00 price target for the company. Stephens upped their target price on Domino’s Pizza from $365.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Friday, December 8th. Wedbush restated an “outperform” rating and set a $520.00 target price (up from $445.00) on shares of Domino’s Pizza in a research note on Monday, February 26th. Evercore ISI upped their target price on Domino’s Pizza from $435.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Finally, Oppenheimer restated an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.79.

Domino’s Pizza Stock Up 1.0 %

Shares of DPZ stock opened at $496.85 on Friday. The company has a 50 day moving average of $439.09 and a 200-day moving average of $402.16. Domino’s Pizza, Inc. has a 12-month low of $285.84 and a 12-month high of $497.14. The firm has a market cap of $17.31 billion, a P/E ratio of 33.87, a PEG ratio of 2.44 and a beta of 0.85.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $4.43 EPS. Domino’s Pizza’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts expect that Domino’s Pizza, Inc. will post 15.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.22%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend is Thursday, March 14th. Domino’s Pizza’s payout ratio is currently 41.17%.

Insider Activity at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by company insiders.

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.