HUB Investment Partners LLC Makes New $247,000 Investment in Domino’s Pizza, Inc. (NASDAQ:DPZ)

HUB Investment Partners LLC purchased a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 589 shares of the restaurant operator’s stock, valued at approximately $247,000.

A number of other institutional investors also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth $549,399,000. Janney Montgomery Scott LLC raised its stake in shares of Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after buying an additional 8,136 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Domino’s Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after buying an additional 1,762 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after buying an additional 2,201 shares in the last quarter. Finally, Alta Capital Management LLC raised its stake in shares of Domino’s Pizza by 20.5% in the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after buying an additional 1,214 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DPZ. Benchmark reaffirmed a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Stephens reaffirmed an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research report on Monday, March 3rd. Oppenheimer boosted their target price on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley cut their target price 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. Finally, BMO Capital Markets boosted their target price on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. 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. According to data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $461.40 on Friday. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.47 and a beta of 1.06. The business’s 50-day simple moving average is $454.96 and its 200-day simple moving average is $439.66. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company 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%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.48 EPS. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.51%. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

Insider Activity

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,597 shares of company stock valued at $3,762,052. Insiders own 0.76% of the company’s stock.

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.