AGF Management Ltd. Purchases 672 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

AGF Management Ltd. grew its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 60.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,781 shares of the restaurant operator’s stock after acquiring an additional 672 shares during the period. AGF Management Ltd.’s holdings in Domino’s Pizza were worth $748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DPZ. Berkshire Hathaway Inc bought a new position in Domino’s Pizza in the 3rd quarter valued at $549,399,000. Janney Montgomery Scott LLC raised its holdings in shares of Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after buying an additional 8,136 shares during the last quarter. Empowered Funds LLC lifted its position in Domino’s Pizza by 44.6% during the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after buying an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after acquiring an additional 2,201 shares during the last quarter. Finally, Alta Capital Management LLC increased its position in Domino’s Pizza by 20.5% in the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock valued at $2,999,000 after acquiring an additional 1,214 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on DPZ shares. TD Securities reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, February 24th. Benchmark reissued a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Barclays upped their price target on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Thursday, February 20th. Finally, TD Cowen restated a “buy” rating and set a $490.00 target price 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 given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Trading Down 0.7 %

DPZ stock opened at $425.58 on Friday. The stock has a 50-day moving average price of $450.39 and a two-hundred day moving average price of $437.92. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a market cap of $14.60 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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 firm 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.48 earnings per share. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Insider Transactions at Domino’s Pizza

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