Avantax Advisory Services Inc. Buys 60 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Avantax Advisory Services Inc. increased its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833 shares of the restaurant operator’s stock after purchasing an additional 60 shares during the period. Avantax Advisory Services Inc.’s holdings in Domino’s Pizza were worth $350,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Domino’s Pizza by 3.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 926 shares of the restaurant operator’s stock worth $389,000 after buying an additional 32 shares during the period. Moors & Cabot Inc. lifted its holdings in Domino’s Pizza by 31.6% in the fourth quarter. Moors & Cabot Inc. now owns 625 shares of the restaurant operator’s stock valued at $262,000 after buying an additional 150 shares during the period. Prosperity Financial Group Inc. lifted its holdings in Domino’s Pizza by 13.4% in the fourth quarter. Prosperity Financial Group Inc. now owns 813 shares of the restaurant operator’s stock valued at $341,000 after buying an additional 96 shares during the period. Finally, AGF Management Ltd. boosted its stake in Domino’s Pizza by 60.6% in the fourth quarter. AGF Management Ltd. now owns 1,781 shares of the restaurant operator’s stock valued at $748,000 after acquiring an additional 672 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of analyst reports. Robert W. Baird cut their price target on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. TD Securities reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Benchmark reaffirmed a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, Citigroup increased their price target on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One investment 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 company. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $466.04 on Tuesday. The stock has a market capitalization of $15.98 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The stock’s 50 day moving average price is $456.08 and its two-hundred day moving average price is $440.30.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. 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 firm earned $4.48 EPS. On average, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current 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 issued a dividend of $1.74 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,597 shares of company stock worth $3,762,052. Insiders own 0.76% 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.