Allspring Global Investments Holdings LLC Trims Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Allspring Global Investments Holdings LLC lowered its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,807 shares of the restaurant operator’s stock after selling 122 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of Domino’s Pizza worth $7,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Tritonpoint Wealth LLC purchased a new stake in shares of Domino’s Pizza in the 4th quarter valued at $1,980,000. Nisa Investment Advisors LLC lifted its position in Domino’s Pizza by 353.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after purchasing an additional 3,189 shares during the period. International Assets Investment Management LLC boosted its holdings in Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after purchasing an additional 498,170 shares during the last quarter. Deutsche Bank AG grew its position in Domino’s Pizza by 41.2% during the 3rd quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after purchasing an additional 32,797 shares during the period. Finally, HB Wealth Management LLC purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at about $269,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DPZ. Barclays upped their target price on Domino’s Pizza from $346.00 to $405.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 27th. Stephens reaffirmed an “equal weight” rating and set a $479.00 price objective on shares of Domino’s Pizza in a research note on Friday, April 12th. Oppenheimer reaffirmed an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a report on Thursday, February 22nd. UBS Group increased their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Piper Sandler lifted their price objective on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $460.90.

Insider Activity

In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $482.14 on Thursday. Domino’s Pizza, Inc. has a fifty-two week low of $285.84 and a fifty-two week high of $508.44. The stock’s fifty day moving average is $458.76 and its two-hundred day moving average is $412.99. The firm has a market capitalization of $16.79 billion, a P/E ratio of 32.87, a PEG ratio of 2.46 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.10. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $4.43 earnings per share. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 15.76 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $1.51 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s payout ratio is currently 41.17%.

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.