Bridgewater Associates LP Sells 3,127 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Bridgewater Associates LP lowered its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 79.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 798 shares of the restaurant operator’s stock after selling 3,127 shares during the period. Bridgewater Associates LP’s holdings in Domino’s Pizza were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. increased its stake in Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd raised its holdings in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $38,000 after buying an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Domino’s Pizza during the fourth quarter valued at approximately $42,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 1.0 %

NASDAQ:DPZ opened at $466.74 on Friday. The stock has a 50-day moving average price of $461.93 and a 200 day moving average price of $445.82. The stock has a market capitalization of $16.01 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.47 and a beta of 1.15. 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 announced its quarterly earnings data 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). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $4.48 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, research analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.49%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is presently 41.70%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DPZ shares. Benchmark reaffirmed a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, April 1st. BMO Capital Markets lifted their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, Oppenheimer boosted their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $496.88.

Insider Buying and Selling at Domino’s Pizza

In related news, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The stock was 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 of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 in the last 90 days. Insiders own 0.83% 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.