J.W. Cole Advisors Inc. Lowers Position in Domino’s Pizza, Inc. (NYSE:DPZ)

J.W. Cole Advisors Inc. lessened its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 20.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 497 shares of the restaurant operator’s stock after selling 126 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Domino’s Pizza were worth $205,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Domino’s Pizza in the fourth quarter worth $25,000. Creative Financial Designs Inc. ADV raised its stake in Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Domino’s Pizza during the third quarter valued at $39,000. Jones Financial Companies Lllp purchased a new stake in Domino’s Pizza during the third quarter valued at $49,000. Finally, Larson Financial Group LLC purchased a new stake in Domino’s Pizza during the third quarter valued at $53,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DPZ shares. Stifel Nicolaus upped their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Oppenheimer reaffirmed an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research note on Thursday, February 22nd. TD Cowen reaffirmed a “buy” rating and set a $550.00 price target on shares of Domino’s Pizza in a research note on Wednesday, April 10th. Barclays upped their price target on shares of Domino’s Pizza from $346.00 to $405.00 and gave the company an “underweight” rating in a research note on Tuesday, February 27th. Finally, UBS Group boosted their price objective on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $460.90.

Insider Buying and Selling

In related news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Domino’s Pizza Trading Up 1.4 %

NYSE DPZ opened at $494.76 on Friday. The company’s 50-day moving average price is $465.57 and its 200-day moving average price is $417.55. The stock has a market cap of $17.23 billion, a PE ratio of 33.73, a PEG ratio of 2.51 and a beta of 0.86. Domino’s Pizza, Inc. has a 12 month low of $285.84 and a 12 month high of $508.44.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the firm earned $4.43 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 15.72 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $1.51 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a yield of 1.22%. Domino’s Pizza’s dividend payout ratio is 41.17%.

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.