Virtu Financial LLC Buys New Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Virtu Financial LLC purchased a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,334 shares of the restaurant operator’s stock, valued at approximately $560,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $4,352,000. TD Private Client Wealth LLC raised its position in Domino’s Pizza by 35.2% in the 4th quarter. TD Private Client Wealth LLC now owns 196 shares of the restaurant operator’s stock valued at $82,000 after purchasing an additional 51 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Domino’s Pizza during the 4th quarter worth $42,000. Whittier Trust Co. of Nevada Inc. increased its stake in Domino’s Pizza by 5.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 8,456 shares of the restaurant operator’s stock valued at $3,549,000 after purchasing an additional 420 shares during the period. Finally, HUB Investment Partners LLC purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $247,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DPZ. Argus lowered Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Loop Capital dropped their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Morgan Stanley decreased their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Citigroup lifted their price objective 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. Finally, TD Cowen restated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This represents a 87.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % 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 worth $3,762,052 over the last ninety days. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $460.27 on Wednesday. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The business has a 50 day moving average price of $456.96 and a 200 day moving average price of $440.66. The company has a market capitalization of $15.79 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results 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). The company had revenue of $1.44 billion during 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 business’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $4.48 earnings per share. As a group, research analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company 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. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Domino’s Pizza Company 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.