Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 926 shares of the restaurant operator’s stock after purchasing an additional 32 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Domino’s Pizza were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Moors & Cabot Inc. boosted its holdings in shares of Domino’s Pizza by 31.6% during the fourth quarter. Moors & Cabot Inc. now owns 625 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 150 shares during the last quarter. Prosperity Financial Group Inc. grew its holdings in Domino’s Pizza by 13.4% in the 4th 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. AGF Management Ltd. lifted its holdings in shares of Domino’s Pizza by 60.6% during the 4th quarter. AGF Management Ltd. now owns 1,781 shares of the restaurant operator’s stock worth $748,000 after acquiring an additional 672 shares during the period. Wealthfront Advisers LLC boosted its position in shares of Domino’s Pizza by 110.1% in the fourth quarter. Wealthfront Advisers LLC now owns 11,188 shares of the restaurant operator’s stock worth $4,696,000 after acquiring an additional 5,864 shares during the last quarter. Finally, Markel Group Inc. increased its position in Domino’s Pizza by 22.2% during the fourth quarter. Markel Group Inc. now owns 5,500 shares of the restaurant operator’s stock worth $2,309,000 after purchasing an additional 1,000 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 0.7 %

Shares of DPZ opened at $452.68 on Wednesday. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 2.47 and a beta of 1.06. The business’s 50 day moving average is $451.73 and its two-hundred day moving average is $438.74.

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

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.74 dividend. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Insider Activity at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were 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 represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock valued at $3,762,052 over the last three months. 0.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DPZ shares. 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. BMO Capital Markets lifted their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Stephens restated an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research note on Monday, March 3rd. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Citigroup increased their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. One 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 assigned a strong buy rating to the company. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average target price of $503.41.

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.