Aviso Financial Inc. Increases Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Aviso Financial Inc. raised its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,449 shares of the restaurant operator’s stock after buying an additional 535 shares during the period. Aviso Financial Inc.’s holdings in Domino’s Pizza were worth $3,125,000 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 DPZ. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the fourth quarter worth about $25,000. True Wealth Design LLC increased its stake in shares of Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Private Trust Co. NA increased its stake in shares of Domino’s Pizza by 34.3% during the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock valued at $61,000 after acquiring an additional 37 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Domino’s Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 41 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $428.67 on Friday. The firm’s 50-day simple moving average is $450.77 and its 200-day simple moving average is $437.97. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a market cap of $14.70 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.48 earnings per share. On average, 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 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 represents a $6.96 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is 41.70%.

Insiders Place Their Bets

In other Domino’s Pizza news, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction 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. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DPZ. Loop Capital reduced their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Robert W. Baird cut 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 report on Tuesday, February 25th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Thursday, February 20th. 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 equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus 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.