Procyon Advisors LLC Increases Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Procyon Advisors LLC boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,934 shares of the restaurant operator’s stock after purchasing an additional 192 shares during the quarter. Procyon Advisors LLC’s holdings in Domino’s Pizza were worth $797,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Domino’s Pizza by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,869 shares of the restaurant operator’s stock worth $1,982,000 after buying an additional 302 shares during the last quarter. Cibc World Market Inc. increased its holdings in shares of Domino’s Pizza by 15.3% in the 1st quarter. Cibc World Market Inc. now owns 6,303 shares of the restaurant operator’s stock worth $2,565,000 after buying an additional 838 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Domino’s Pizza by 2.3% in the 1st quarter. Sei Investments Co. now owns 15,131 shares of the restaurant operator’s stock worth $6,034,000 after buying an additional 339 shares during the last quarter. Aviva PLC increased its holdings in shares of Domino’s Pizza by 35.3% in the 1st quarter. Aviva PLC now owns 17,279 shares of the restaurant operator’s stock worth $7,033,000 after buying an additional 4,505 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Domino’s Pizza by 1,387.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,800 shares of the restaurant operator’s stock valued at $733,000 after purchasing an additional 1,679 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Domino’s Pizza stock traded up $1.44 during midday trading on Thursday, reaching $493.57. The company had a trading volume of 64,738 shares, compared to its average volume of 545,216. The company has a market capitalization of $17.19 billion, a P/E ratio of 33.55, a P/E/G ratio of 2.44 and a beta of 0.85. Domino’s Pizza, Inc. has a 12-month low of $285.84 and a 12-month high of $494.36. The firm’s fifty day simple moving average is $437.67 and its 200-day simple moving average is $401.50.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $4.43 EPS. On average, analysts expect that Domino’s Pizza, Inc. will post 15.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $1.51 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.22%. Domino’s Pizza’s payout ratio is 41.17%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

DPZ has been the topic of several analyst reports. Morgan Stanley upped their price target on shares of Domino’s Pizza from $465.00 to $485.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Argus upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $530.00 target price on the stock in a research note on Tuesday, February 27th. Gordon Haskett upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price on the stock in a research note on Tuesday, January 16th. Wedbush restated an “outperform” rating and issued a $520.00 target price (up from $445.00) on shares of Domino’s Pizza in a research note on Monday, February 26th. Finally, Stifel Nicolaus upped their target price on shares of Domino’s Pizza from $440.00 to $470.00 and gave the stock a “buy” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $441.79.

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.