Cypress Capital Group Sells 371 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Cypress Capital Group decreased its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,272 shares of the restaurant operator’s stock after selling 371 shares during the quarter. Cypress Capital Group’s holdings in Domino’s Pizza were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DPZ. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza in the third quarter worth about $549,399,000. FMR LLC increased its position in Domino’s Pizza by 16.3% in the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in Domino’s Pizza in the third quarter worth about $99,352,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth about $41,701,000. Finally, Jennison Associates LLC grew its position in shares of Domino’s Pizza by 75.3% during the third quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock worth $92,253,000 after purchasing an additional 92,137 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $476.18 on Thursday. 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 $16.33 billion, a P/E ratio of 29.25, a P/E/G ratio of 2.47 and a beta of 1.06. The stock has a 50 day moving average price of $447.99 and a 200 day moving average price of $437.05.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly 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). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. 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 prior year, the business posted $4.48 earnings per share. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Analyst Ratings Changes

Several research firms recently issued reports on DPZ. Stephens reiterated an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research report on Monday. Robert W. Baird cut their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. TD Securities reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Barclays increased their target price on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Finally, BMO Capital Markets raised their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

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.