Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lessened its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,472 shares of the restaurant operator’s stock after selling 23 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Domino’s Pizza were worth $1,136,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DPZ. Sherman Asset Management Inc. acquired a new stake in Domino’s Pizza during the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC acquired a new stake in Domino’s Pizza during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. raised its stake in Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the period. Covestor Ltd increased its stake in shares of Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by insiders.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $451.00 on Friday. The stock has a market capitalization of $15.44 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 2.47 and a beta of 1.11. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.37. The company has a 50 day moving average price of $473.64 and a 200 day moving average price of $458.67.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.58 EPS. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.54%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Analysts Set New Price Targets

DPZ has been the topic of several analyst reports. Argus restated a “hold” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Tuesday, April 29th. Bank of America raised their price target on shares of Domino’s Pizza from $520.00 to $549.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Wells Fargo & Company raised their price target on shares of Domino’s Pizza from $445.00 to $465.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 29th. Redburn Atlantic initiated coverage on shares of Domino’s Pizza in a research note on Tuesday. They issued a “sell” rating and a $340.00 price target on the stock. Finally, Loop Capital raised their price target on shares of Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and a consensus price target of $492.16.

About Domino’s Pizza

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.