Norges Bank Buys New Stake in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Norges Bank purchased a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 596,939 shares of the restaurant operator’s stock, valued at approximately $250,571,000. Norges Bank owned approximately 1.73% of Domino’s Pizza at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza in the fourth quarter valued at $25,000. True Wealth Design LLC lifted its holdings in Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Domino’s Pizza during the fourth quarter valued at about $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $55,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the 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 transaction, the chief financial officer now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,597 shares of company stock valued at $3,762,052. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Trading Down 5.1 %

DPZ opened at $447.12 on Friday. The business’s 50 day moving average is $459.46 and its 200-day moving average is $441.41. The stock has a market cap of $15.33 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced 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). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $4.48 EPS. The firm’s revenue was up 2.9% on a year-over-year basis. As a group, 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. Investors of record on Friday, March 14th were issued a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.56%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DPZ shares. Oppenheimer raised their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. TD Cowen reissued a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Loop Capital cut their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Barclays increased their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $503.41.

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.