Inceptionr LLC Reduces Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Inceptionr LLC decreased its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 20.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,212 shares of the restaurant operator’s stock after selling 316 shares during the period. Inceptionr LLC’s holdings in Domino’s Pizza were worth $509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Domino’s Pizza in the fourth quarter worth $32,592,000. Arizona State Retirement System raised its holdings in Domino’s Pizza by 0.4% in the fourth quarter. Arizona State Retirement System now owns 10,031 shares of the restaurant operator’s stock worth $4,211,000 after purchasing an additional 38 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Domino’s Pizza in the fourth quarter worth $15,724,000. M&T Bank Corp raised its holdings in Domino’s Pizza by 1.0% in the fourth quarter. M&T Bank Corp now owns 3,172 shares of the restaurant operator’s stock worth $1,332,000 after purchasing an additional 30 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new position in Domino’s Pizza in the fourth quarter worth $145,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $472.05 on Friday. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.47 and a beta of 1.06. The stock’s 50-day simple moving average is $449.79 and its two-hundred day simple moving average is $437.69. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week 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 (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.48 earnings per share. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $1.74 per share. This is a boost 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 1.47%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DPZ. Stephens reiterated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Monday, March 3rd. Loop Capital decreased their price objective on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Thursday, February 20th. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus 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.