Kovitz Investment Group Partners LLC Purchases 11,272 Shares of Domino’s Pizza Inc $DPZ

Kovitz Investment Group Partners LLC grew its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 819.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,647 shares of the restaurant operator’s stock after purchasing an additional 11,272 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Domino’s Pizza were worth $5,271,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Huntleigh Advisors Inc. grew its position in shares of Domino’s Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after buying an additional 25 shares in the last quarter. Parallel Advisors LLC lifted its stake in Domino’s Pizza by 2.9% in the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after acquiring an additional 27 shares during the period. Colonial Trust Co SC lifted its stake in Domino’s Pizza by 5.3% in the third quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 28 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Domino’s Pizza by 3.9% in the third quarter. OneDigital Investment Advisors LLC now owns 808 shares of the restaurant operator’s stock worth $349,000 after acquiring an additional 30 shares during the period. Finally, Enhancing Capital LLC grew its holdings in Domino’s Pizza by 1.9% during the 3rd quarter. Enhancing Capital LLC now owns 1,768 shares of the restaurant operator’s stock worth $763,000 after acquiring an additional 33 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $312.47 on Friday. The company’s 50-day simple moving average is $329.32 and its 200-day simple moving average is $376.13. Domino’s Pizza Inc has a fifty-two week low of $297.48 and a fifty-two week high of $496.00. The stock has a market capitalization of $10.39 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.45 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm earned $4.33 earnings per share. On average, research analysts forecast that Domino’s Pizza Inc will post 19.07 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Analyst Ratings Changes

A number of research firms have commented on DPZ. Northcoast Research cut their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Evercore lowered their price target on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. UBS Group dropped their price objective on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Royal Bank Of Canada cut their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 28th. Finally, Stifel Nicolaus set a $400.00 target price on Domino’s Pizza in a report on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $418.13.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,915,392.48. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is owned by company insiders.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.