Domino’s Pizza, Inc. (NYSE:DPZ) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. increased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 34.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,950 shares of the restaurant operator’s stock after purchasing an additional 1,280 shares during the period. Bessemer Group Inc.’s holdings in Domino’s Pizza were worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza during the fourth quarter worth about $25,000. Quadrant Capital Group LLC boosted its stake in Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after buying an additional 33 shares during the period. GAMMA Investing LLC purchased a new position in Domino’s Pizza during the fourth quarter worth about $78,000. Quarry LP boosted its stake in Domino’s Pizza by 130.2% during the fourth quarter. Quarry LP now owns 198 shares of the restaurant operator’s stock worth $82,000 after buying an additional 112 shares during the period. Finally, Alaska Permanent Fund Corp purchased a new position in Domino’s Pizza during the first quarter worth about $90,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the subject of several research analyst reports. Morgan Stanley increased their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. The Goldman Sachs Group began coverage on shares of Domino’s Pizza in a research note on Thursday, June 13th. They issued a “buy” rating and a $612.00 price objective for the company. BTIG Research raised their price objective on shares of Domino’s Pizza from $515.00 to $580.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Robert W. Baird raised shares of Domino’s Pizza from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $530.00 to $580.00 in a research note on Monday, July 8th. Finally, Royal Bank of Canada lowered their price objective on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $517.39.

Domino’s Pizza Stock Down 1.3 %

NYSE:DPZ traded down $5.32 during midday trading on Thursday, reaching $419.41. The stock had a trading volume of 219,420 shares, compared to its average volume of 587,493. The firm has a fifty day simple moving average of $500.51 and a two-hundred day simple moving average of $473.91. Domino’s Pizza, Inc. has a 12-month low of $330.05 and a 12-month high of $542.75. The stock has a market cap of $14.67 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.22 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping the consensus estimate of $3.68 by $0.35. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.08 EPS. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.17 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.44%. Domino’s Pizza’s payout ratio is currently 39.43%.

Domino’s Pizza Company 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.