Palisade Capital Management LLC NJ grew its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,524 shares of the restaurant operator’s stock after purchasing an additional 2,250 shares during the period. Palisade Capital Management LLC NJ’s holdings in Domino’s Pizza were worth $6,720,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Alpha LLC purchased a new stake in shares of Domino’s Pizza during the third quarter valued at $28,000. FIL Ltd raised its position in Domino’s Pizza by 708.3% during the fourth quarter. FIL Ltd now owns 97 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 85 shares during the period. Gemmer Asset Management LLC raised its position in Domino’s Pizza by 41.7% during the fourth quarter. Gemmer Asset Management LLC now owns 119 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 35 shares during the period. Smithfield Trust Co. raised its position in Domino’s Pizza by 127.3% during the third quarter. Smithfield Trust Co. now owns 125 shares of the restaurant operator’s stock valued at $53,000 after buying an additional 70 shares during the period. Finally, Perigon Wealth Management LLC acquired a new position in Domino’s Pizza during the fourth quarter valued at $63,000. 88.81% of the stock is owned by institutional investors and hedge funds.
DPZ opened at $330.24 on Monday. The company has a market cap of $12.81 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 2.14 and a beta of 0.38. The stock has a 50-day moving average of $370.73 and a 200-day moving average of $389.69. Domino’s Pizza, Inc. has a 52-week low of $275.22 and a 52-week high of $435.58.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 30th. Shareholders of record on Monday, March 15th will be given a $0.94 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $0.78. This represents a $3.76 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, March 12th. Domino’s Pizza’s payout ratio is currently 32.60%.
Several research analysts recently weighed in on the company. MKM Partners dropped their price target on Domino’s Pizza from $445.00 to $440.00 and set a “neutral” rating on the stock in a research report on Thursday, January 7th. The Goldman Sachs Group assumed coverage on Domino’s Pizza in a research report on Tuesday, January 19th. They set a “buy” rating and a $425.00 price target on the stock. Robert W. Baird reissued a “buy” rating on shares of Domino’s Pizza in a research report on Sunday, February 21st. Argus dropped their price target on Domino’s Pizza from $455.00 to $400.00 and set a “buy” rating on the stock in a research report on Wednesday, March 3rd. Finally, Stephens lowered Domino’s Pizza from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $440.00 to $360.00 in a research report on Thursday, January 7th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $421.22.
In other Domino’s Pizza news, CFO Jeffrey D. Lawrence sold 4,690 shares of Domino’s Pizza stock in a transaction that occurred on Wednesday, December 23rd. The stock was sold at an average price of $403.53, for a total value of $1,892,555.70. Following the transaction, the chief financial officer now directly owns 3,417 shares of the company’s stock, valued at approximately $1,378,862.01. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.74% of the company’s stock.
Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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