Stevens Capital Management LP Invests $457,000 in Domino’s Pizza, Inc. (NYSE:DPZ)

Stevens Capital Management LP purchased a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,108 shares of the restaurant operator’s stock, valued at approximately $457,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Domino’s Pizza during the 4th quarter worth $25,000. Creative Financial Designs Inc. ADV raised its stake in Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Domino’s Pizza in the 3rd quarter valued at about $39,000. Jones Financial Companies Lllp acquired a new position in Domino’s Pizza in the 3rd quarter valued at about $49,000. Finally, Larson Financial Group LLC acquired a new position in Domino’s Pizza in the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Price Performance

NYSE DPZ traded up $7.05 on Thursday, reaching $494.76. The company had a trading volume of 661,560 shares, compared to its average volume of 565,628. The firm has a market capitalization of $17.23 billion, a PE ratio of 33.25, a P/E/G ratio of 2.51 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $508.44. The firm has a 50-day moving average of $464.16 and a 200-day moving average of $417.01.

Domino’s Pizza (NYSE:DPZ) last released its quarterly 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 firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. Domino’s Pizza’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.43 EPS. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 15.72 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

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

Wall Street Analysts Forecast Growth

DPZ has been the subject of several analyst reports. Citigroup boosted their target price on shares of Domino’s Pizza from $458.00 to $505.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Stifel Nicolaus boosted their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. TD Cowen reissued a “buy” rating and issued a $550.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 10th. Piper Sandler boosted their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. Finally, Wedbush reissued an “outperform” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $460.90.

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.