Stevens Capital Management LP Takes $614,000 Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Stevens Capital Management LP bought a new stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,463 shares of the restaurant operator’s stock, valued at approximately $614,000.

A number of other institutional investors have also recently modified their holdings of DPZ. KG&L Capital Management LLC raised its holdings in shares of Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after buying an additional 23 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after buying an additional 23 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Domino’s Pizza by 2.8% during the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after buying an additional 28 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DPZ shares. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley lowered their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Oppenheimer upped 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, Loop Capital lowered their target price 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Insiders Place Their Bets

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,597 shares of company stock worth $3,762,052. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $461.40 on Monday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The stock’s 50-day moving average is $454.96 and its 200 day moving average is $439.90. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS 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 quarter in the previous year, the company earned $4.48 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared 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 represents a $6.96 annualized dividend and a yield of 1.51%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

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.