Daiwa Securities Group Inc. Buys 431 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Daiwa Securities Group Inc. grew its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 9.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,188 shares of the restaurant operator’s stock after purchasing an additional 431 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Domino’s Pizza were worth $2,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DPZ. Janney Montgomery Scott LLC raised its position in shares of Domino’s Pizza by 7.9% during the third quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock valued at $1,258,000 after buying an additional 215 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after purchasing an additional 23,681 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Domino’s Pizza by 10.0% in the third quarter. Victory Capital Management Inc. now owns 98,823 shares of the restaurant operator’s stock valued at $42,508,000 after purchasing an additional 8,964 shares in the last quarter. MQS Management LLC purchased a new position in shares of Domino’s Pizza in the third quarter valued at $252,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Domino’s Pizza in the third quarter valued at $488,000. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Monday, March 3rd. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Oppenheimer raised their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. TD Securities reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, TD Cowen reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. One equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Price Performance

DPZ stock opened at $425.58 on Friday. The business has a 50-day moving average price of $450.39 and a 200 day moving average price of $437.92. The company has a market capitalization of $14.60 billion, a P/E ratio of 26.14, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.48 earnings per share. On average, analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date 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 yield of 1.64%. Domino’s Pizza’s payout ratio is currently 41.70%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction dated 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 owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,597 shares of company stock worth $3,762,052. 0.76% of the stock is owned by corporate insiders.

About Domino’s Pizza

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.