Domino’s Pizza, Inc. (NASDAQ:DPZ) Position Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 926 shares of the restaurant operator’s stock after purchasing an additional 32 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Domino’s Pizza were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after acquiring an additional 21,705 shares during the period. Berkshire Hathaway Inc bought a new stake in Domino’s Pizza during the 3rd quarter valued at $549,399,000. Bank of New York Mellon Corp boosted its position in Domino’s Pizza by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock worth $112,095,000 after acquiring an additional 8,753 shares during the period. Finally, Champlain Investment Partners LLC bought a new position in shares of Domino’s Pizza in the third quarter worth $99,352,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $452.68 on Wednesday. The stock has a market cap of $15.53 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock’s 50-day moving average is $451.73 and its two-hundred day moving average is $438.74.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm posted $4.48 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase 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 1.54%. Domino’s Pizza’s dividend payout ratio is 41.70%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DPZ shares. Benchmark restated a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Robert W. Baird dropped their price target on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Argus cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer boosted their target price on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $503.41.

Insider Activity at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. This 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 Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. 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. Insiders own 0.76% 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.