2,400 Shares in Domino’s Pizza Inc $DPZ Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,400 shares of the restaurant operator’s stock, valued at approximately $1,000,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berkshire Hathaway Inc lifted its holdings in shares of Domino’s Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after buying an additional 30,647 shares in the last quarter. Invesco Ltd. increased its position in Domino’s Pizza by 9.3% during the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after buying an additional 78,594 shares in the last quarter. Marshfield Associates raised its stake in Domino’s Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after buying an additional 28,765 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Domino’s Pizza by 9.0% during the second quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock valued at $252,362,000 after buying an additional 46,098 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the topic of a number of recent research reports. Hovde Group set a $460.00 target price on Domino’s Pizza in a research note on Monday, January 5th. William Blair set a $540.00 price target on Domino’s Pizza in a research report on Monday, February 23rd. Wells Fargo & Company dropped their price target on shares of Domino’s Pizza from $430.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Guggenheim cut their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $470.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $475.93.

Domino’s Pizza Trading Up 2.6%

Domino’s Pizza stock opened at $370.82 on Friday. Domino’s Pizza Inc has a 12 month low of $346.31 and a 12 month high of $499.08. The stock has a fifty day simple moving average of $389.93 and a two-hundred day simple moving average of $407.80. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.56 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion for the quarter. During the same quarter in the prior year, the firm posted $4.89 earnings per share. Domino’s Pizza’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast 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 Monday, March 30th. Shareholders of record on Friday, March 13th were paid a dividend of $1.99 per share. The ex-dividend date was Friday, March 13th. This represents a $7.96 annualized dividend and a yield of 2.1%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.30%.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.