Brown Brothers Harriman & Co. Increases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Brown Brothers Harriman & Co. grew its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1,016.7% during the fourth quarter, Holdings Channel reports. The firm owned 67 shares of the restaurant operator’s stock after purchasing an additional 61 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Domino’s Pizza were worth $28,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in Domino’s Pizza in the 4th quarter valued at about $250,571,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Domino’s Pizza during the 4th quarter worth about $41,701,000. Raymond James Financial Inc. purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at about $32,592,000. Country Trust Bank purchased a new stake in Domino’s Pizza during the fourth quarter worth approximately $29,424,000. Finally, Tidal Investments LLC lifted its stake in Domino’s Pizza by 737.1% during the third quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator’s stock worth $24,708,000 after purchasing an additional 50,579 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the firm’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 sale, the executive vice president now directly owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,597 shares of company stock valued at $3,762,052. Corporate insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Benchmark reaffirmed a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Robert W. Baird decreased their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. TD Securities restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Up 0.6 %

Shares of DPZ stock opened at $468.35 on Thursday. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The business has a fifty day simple moving average of $461.12 and a 200-day simple moving average of $442.65. The stock has a market cap of $16.06 billion, a P/E ratio of 28.77, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results 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 business 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 business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.48 EPS. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

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

Domino’s Pizza 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.