Guggenheim Capital LLC Purchases 1,404 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Guggenheim Capital LLC raised its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,297 shares of the restaurant operator’s stock after purchasing an additional 1,404 shares during the quarter. Guggenheim Capital LLC’s holdings in Domino’s Pizza were worth $6,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sherman Asset Management Inc. bought a new stake in Domino’s Pizza during the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its position in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 61 shares during the period. Covestor Ltd grew its position in shares of Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 49 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in Domino’s Pizza in the 4th quarter worth $42,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 1.0 %

Shares of NASDAQ:DPZ opened at $466.74 on Friday. The company has a 50-day moving average price of $462.08 and a 200 day moving average price of $445.42. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The company has a market cap of $16.01 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm posted $4.48 EPS. Domino’s Pizza’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. Domino’s Pizza’s payout ratio is 41.70%.

Analyst Ratings Changes

A number of analysts have commented on DPZ shares. Loop Capital reduced their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Barclays lifted their price target on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, Benchmark restated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $496.88.

Insider Transactions at Domino’s Pizza

In related news, 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 of the company’s stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by 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.