Rockland Trust Co. Reduces Stock Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Rockland Trust Co. decreased its position in Domino’s Pizza, Inc. (NYSE:DPZFree Report) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 894 shares of the restaurant operator’s stock after selling 51 shares during the quarter. Rockland Trust Co.’s holdings in Domino’s Pizza were worth $444,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV increased its stake in shares of Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 46 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Domino’s Pizza in the third quarter worth $49,000. Finally, Parkside Financial Bank & Trust lifted its stake in Domino’s Pizza by 67.4% in the third quarter. Parkside Financial Bank & Trust now owns 149 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ traded down $3.17 during midday trading on Friday, hitting $521.83. 859,944 shares of the stock traded hands, compared to its average volume of 397,706. The firm has a market capitalization of $18.20 billion, a P/E ratio of 34.06, a PEG ratio of 2.59 and a beta of 0.85. Domino’s Pizza, Inc. has a one year low of $313.87 and a one year high of $542.75. The firm has a 50-day moving average of $511.20 and a two-hundred day moving average of $461.30.

Domino’s Pizza (NYSE:DPZGet Free Report) last posted its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. Domino’s Pizza’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.93 earnings per share. Equities analysts forecast that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 annualized dividend and a yield of 1.16%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group upped their price objective on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. HSBC raised their price objective on shares of Domino’s Pizza from $507.00 to $583.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. TD Securities reiterated a “buy” rating and set a $580.00 target price on shares of Domino’s Pizza in a report on Thursday, May 16th. Robert W. Baird raised their target price on Domino’s Pizza from $510.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Finally, Barclays lifted their price target on Domino’s Pizza from $405.00 to $470.00 and gave the company an “underweight” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $525.66.

Check Out Our Latest Research Report on DPZ

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction 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 transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 filing with the SEC, which is available at this hyperlink. 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 in the company, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,633 shares of company stock valued at $6,649,181. Insiders own 0.76% of the company’s stock.

About Domino’s Pizza

(Free Report)

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.

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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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