Harbour Investments Inc. Boosts Holdings in Domino’s Pizza Inc $DPZ

Harbour Investments Inc. grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 3,701.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,547 shares of the restaurant operator’s stock after acquiring an additional 2,480 shares during the quarter. Harbour Investments Inc.’s holdings in Domino’s Pizza were worth $1,062,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Allstate Corp raised its stake in shares of Domino’s Pizza by 93.3% during the fourth quarter. Allstate Corp now owns 2,032 shares of the restaurant operator’s stock worth $847,000 after acquiring an additional 981 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Domino’s Pizza by 18.0% during the fourth quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock worth $14,436,000 after acquiring an additional 5,282 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of Domino’s Pizza by 435.3% during the fourth quarter. Clearstead Advisors LLC now owns 182 shares of the restaurant operator’s stock worth $76,000 after acquiring an additional 148 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Domino’s Pizza by 29.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,307 shares of the restaurant operator’s stock worth $545,000 after acquiring an additional 294 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DPZ shares. BTIG Research decreased their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. HSBC decreased their target price on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Sanford C. Bernstein decreased their target price on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 28th. TD Cowen decreased their target price on shares of Domino’s Pizza from $377.00 to $350.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating on the stock in a research note on Friday, April 24th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $418.13.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Trading Up 0.1%

Shares of DPZ stock opened at $310.56 on Friday. Domino’s Pizza Inc has a 12 month low of $297.48 and a 12 month high of $496.00. The stock has a market cap of $10.33 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02. The company’s fifty day moving average price is $344.86 and its 200-day moving average price is $386.02.

Domino’s Pizza (NASDAQ:DPZ) last announced 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). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion for the quarter. During the same quarter in the previous year, the business posted $4.33 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Domino’s Pizza Inc will post 19.14 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is 45.83%.

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.