American Money Management LLC Increases Stock Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

American Money Management LLC increased its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,276 shares of the restaurant operator’s stock after purchasing an additional 120 shares during the period. American Money Management LLC’s holdings in Domino’s Pizza were worth $5,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DPZ. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the 4th quarter valued at $25,000. True Wealth Design LLC boosted its position in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake 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 purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Domino’s Pizza in the 4th quarter worth approximately $42,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $447.12 on Friday. The stock has a 50 day moving average price of $459.46 and a 200 day moving average price of $441.41. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The firm has a market capitalization of $15.33 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.48 earnings per share. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.56%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. Domino’s Pizza’s payout ratio is 41.70%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DPZ shares. BMO Capital Markets lifted their price target 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. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. TD Securities restated a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. TD Cowen reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Finally, Robert W. Baird reduced their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $503.41.

Insiders Place Their Bets

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction 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 sale, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at $3,581,499.20. The trade was a 11.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares in the company, 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. Insiders have sold 8,597 shares of company stock worth $3,762,052 in the last three months. Corporate insiders own 0.83% of the company’s stock.

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.