Stevens Capital Management LP Purchases Shares of 1,108 Domino’s Pizza, Inc. (NYSE:DPZ)

Stevens Capital Management LP purchased a new stake in Domino’s Pizza, Inc. (NYSE:DPZ) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,108 shares of the restaurant operator’s stock, valued at approximately $457,000.

Other large investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Domino’s Pizza in the fourth quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its stake in Domino’s Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Domino’s Pizza in the third quarter valued at $39,000. Jones Financial Companies Lllp acquired a new stake in Domino’s Pizza in the third quarter valued at $49,000. Finally, Larson Financial Group LLC acquired a new stake in Domino’s Pizza in the third quarter valued at $53,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ traded up $7.05 during mid-day trading on Thursday, reaching $494.76. The company had a trading volume of 661,560 shares, compared to its average volume of 565,628. The company’s 50 day simple moving average is $464.16 and its 200 day simple moving average is $417.01. Domino’s Pizza, Inc. has a 1-year low of $285.84 and a 1-year high of $508.44. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 33.25, a P/E/G ratio of 2.51 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping the consensus estimate of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $4.43 EPS. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 15.72 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $1.51 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a yield of 1.22%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.17%.

Insider Buying and Selling

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 shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares in the company, valued at approximately $1,852,586.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, 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. 0.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Gordon Haskett raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price objective on the stock in a research report on Tuesday, January 16th. Evercore ISI increased their price objective on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Piper Sandler increased their price objective on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. TD Cowen reissued a “buy” rating and issued a $550.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 10th. Finally, Stephens reissued an “equal weight” rating and issued a $479.00 price objective on shares of Domino’s Pizza in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $460.90.

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.