Moors & Cabot Inc. Acquires 150 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Moors & Cabot Inc. raised its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 625 shares of the restaurant operator’s stock after purchasing an additional 150 shares during the quarter. Moors & Cabot Inc.’s holdings in Domino’s Pizza were worth $262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC grew its stake in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after purchasing an additional 307,528 shares during the period. Principal Financial Group Inc. grew its stake 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 purchasing an additional 21,705 shares during the period. Berkshire Hathaway Inc bought a new position in Domino’s Pizza in the 3rd quarter valued at $549,399,000. Bank of New York Mellon Corp grew its stake in Domino’s Pizza by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after purchasing an additional 8,753 shares during the period. Finally, Champlain Investment Partners LLC bought a new position in Domino’s Pizza in the 3rd quarter valued at $99,352,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.7 %

Shares of DPZ opened at $425.58 on Monday. The company has a market cap of $14.60 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The stock has a 50-day moving average price of $450.39 and a 200-day moving average price of $438.21. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for 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 last year, the business posted $4.48 EPS. As a group, analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost 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 dividend payout ratio (DPR) is currently 41.70%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Oppenheimer upped their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Stephens reaffirmed an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research report on Monday, March 3rd. Barclays upped their price target on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Robert W. Baird dropped their price target on 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. Finally, Morgan Stanley dropped their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Insider Activity at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza 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 completion of the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,597 shares of company stock valued at $3,762,052. Corporate 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.