EverSource Wealth Advisors LLC Increases Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

EverSource Wealth Advisors LLC grew its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91 shares of the restaurant operator’s stock after acquiring an additional 26 shares during the period. EverSource Wealth Advisors LLC’s holdings in Domino’s Pizza were worth $38,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after purchasing an additional 23,681 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at approximately $488,000. Empowered Funds LLC grew its stake in Domino’s Pizza by 77.4% in the 3rd quarter. Empowered Funds LLC now owns 3,951 shares of the restaurant operator’s stock valued at $1,699,000 after acquiring an additional 1,724 shares during the period. Swiss National Bank increased its holdings in Domino’s Pizza by 0.4% in the 3rd quarter. Swiss National Bank now owns 103,500 shares of the restaurant operator’s stock worth $44,519,000 after acquiring an additional 400 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Domino’s Pizza during the third quarter worth $680,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $466.05 on Friday. The stock has a market capitalization of $15.98 billion, a P/E ratio of 28.63, a PEG 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 company has a 50 day moving average price of $453.78 and a 200 day moving average price of $439.09.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the firm posted $4.48 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. The ex-dividend date is 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 1.49%. Domino’s Pizza’s dividend payout ratio is 41.70%.

Analysts Set New Price Targets

Several analysts have recently issued reports on DPZ shares. Loop Capital dropped their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th. Oppenheimer boosted their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note 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 research report on Monday, February 24th. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets lifted their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,597 shares of company stock valued at $3,762,052. 0.76% of the stock is currently owned by corporate insiders.

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.