Balentine LLC bought a new position in Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 630 shares of the restaurant operator’s stock, valued at approximately $218,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in DPZ. Samlyn Capital LLC bought a new position in shares of Domino’s Pizza in the third quarter worth approximately $93,936,000. Fred Alger Management LLC lifted its stake in shares of Domino’s Pizza by 141.7% in the third quarter. Fred Alger Management LLC now owns 198,020 shares of the restaurant operator’s stock worth $61,426,000 after buying an additional 116,100 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Domino’s Pizza by 8.9% in the first quarter. Renaissance Technologies LLC now owns 1,040,825 shares of the restaurant operator’s stock worth $423,626,000 after buying an additional 84,947 shares in the last quarter. Twinbeech Capital LP bought a new position in shares of Domino’s Pizza in the third quarter worth approximately $25,994,000. Finally, Marshfield Associates lifted its stake in shares of Domino’s Pizza by 14.0% in the third quarter. Marshfield Associates now owns 471,641 shares of the restaurant operator’s stock worth $146,303,000 after buying an additional 57,911 shares in the last quarter. Institutional investors own 90.32% of the company’s stock.
Domino’s Pizza Price Performance
DPZ opened at $329.90 on Tuesday. The firm has a market cap of $11.69 billion, a P/E ratio of 26.31, a PEG ratio of 2.08 and a beta of 0.79. Domino’s Pizza, Inc. has a 1-year low of $291.00 and a 1-year high of $426.44. The company has a 50 day simple moving average of $325.86 and a two-hundred day simple moving average of $340.84.
Domino’s Pizza Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Investors of record on Wednesday, March 15th were given a dividend of $1.21 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, March 14th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.47%. Domino’s Pizza’s dividend payout ratio is currently 38.60%.
Insider Buying and Selling
In related news, EVP Cynthia A. Headen sold 136 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $300.00, for a total transaction of $40,800.00. Following the completion of the transaction, the executive vice president now owns 4,867 shares in the company, valued at $1,460,100. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.76% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
DPZ has been the subject of several research reports. Evercore ISI decreased their price objective on shares of Domino’s Pizza from $415.00 to $370.00 and set an “outperform” rating for the company in a report on Friday, February 24th. UBS Group decreased their price objective on shares of Domino’s Pizza from $410.00 to $370.00 and set a “buy” rating for the company in a report on Friday, February 24th. Gordon Haskett cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating and decreased their price objective for the company from $344.00 to $315.00 in a report on Friday, March 3rd. Cowen decreased their price objective on shares of Domino’s Pizza from $362.00 to $320.00 and set a “market perform” rating for the company in a report on Friday, February 24th. Finally, TD Cowen reissued a “market perform” rating and set a $320.00 price objective on shares of Domino’s Pizza in a report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $360.04.
About Domino’s Pizza
Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.
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