Enhancing Capital LLC Acquires Shares of 1,725 Domino’s Pizza, Inc. (NASDAQ:DPZ)

Enhancing Capital LLC purchased a new stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,725 shares of the restaurant operator’s stock, valued at approximately $724,000.

A number of other hedge funds also recently added to or reduced their stakes in DPZ. KG&L Capital Management LLC grew its stake in shares of Domino’s Pizza by 1.4% in the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock worth $724,000 after acquiring an additional 23 shares during the period. Oppenheimer & Co. Inc. raised its stake in Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock valued at $486,000 after buying an additional 23 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Domino’s Pizza by 3.1% during the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Domino’s Pizza by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 28 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $449.60 on Tuesday. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The company’s 50-day moving average is $450.90 and its 200 day moving average is $438.47. The firm has a market capitalization of $15.42 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.48 earnings per share. Research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Barclays increased their price target on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Loop Capital cut their price objective on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. BMO Capital Markets raised their target price on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley lowered their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Insider Buying and Selling

In related news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock valued at $3,762,052 in the last 90 days. Company insiders own 0.76% of the company’s stock.

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.