Allstate Corp Invests $427,000 in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Allstate Corp purchased a new stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,018 shares of the restaurant operator’s stock, valued at approximately $427,000.

A number of other large investors also recently bought and sold shares of DPZ. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. Brown Brothers Harriman & Co. increased its stake in shares of Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 26 shares during the last quarter. Lee Danner & Bass Inc. purchased a new position in Domino’s Pizza in the 4th quarter valued at about $42,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Domino’s Pizza in the 4th quarter worth about $55,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DPZ. Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Loop Capital decreased their price objective on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. TD Securities reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. TD Cowen reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research note 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’s stock. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $468.35 on Thursday. The firm has a market capitalization of $16.06 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The firm’s 50-day moving average is $461.12 and its two-hundred day moving average is $442.65.

Domino’s Pizza (NASDAQ:DPZ) last announced 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 analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.48 earnings per share. Analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Insider Buying and Selling

In other news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on 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 sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,597 shares of company stock valued at $3,762,052 in the last three months. 0.83% of the stock is owned by corporate insiders.

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.