Rathbones Group PLC Sells 230 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Rathbones Group PLC lessened its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 560 shares of the restaurant operator’s stock after selling 230 shares during the period. Rathbones Group PLC’s holdings in Domino’s Pizza were worth $235,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in shares of Domino’s Pizza by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Domino’s Pizza by 6.8% during the 3rd quarter. HighTower Advisors LLC now owns 12,893 shares of the restaurant operator’s stock valued at $5,533,000 after buying an additional 821 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Domino’s Pizza by 40.5% during the 3rd quarter. National Bank of Canada FI now owns 19,409 shares of the restaurant operator’s stock valued at $8,349,000 after buying an additional 5,599 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Domino’s Pizza by 3.5% during the 3rd quarter. MML Investors Services LLC now owns 4,014 shares of the restaurant operator’s stock valued at $1,727,000 after buying an additional 137 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Domino’s Pizza by 5.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,089 shares of the restaurant operator’s stock valued at $6,921,000 after buying an additional 901 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 6.0 %

Shares of DPZ stock opened at $456.35 on Thursday. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm’s 50 day moving average price is $462.08 and its two-hundred day moving average price is $444.03.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.48 EPS. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is 41.70%.

Insider Buying and Selling

In related news, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. Insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on DPZ shares. TD Securities reiterated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, March 31st. Barclays boosted their price target on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 25th. Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, April 1st. Finally, Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $503.04.

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.