Thrivent Financial for Lutherans Sells 708 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Thrivent Financial for Lutherans cut its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,508 shares of the restaurant operator’s stock after selling 708 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Domino’s Pizza were worth $1,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $25,000. True Wealth Design LLC boosted its holdings in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in 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 in the last quarter. Private Trust Co. NA increased its stake in Domino’s Pizza by 34.3% in the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock valued at $61,000 after buying an additional 37 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Domino’s Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DPZ. Stephens restated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a report on Monday, March 3rd. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Barclays upped their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 25th. TD Securities reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Finally, BMO Capital Markets upped their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.41.

Insider Activity at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,597 shares of company stock worth $3,762,052. Company insiders own 0.83% of the company’s stock.

Domino’s Pizza Price Performance

DPZ stock opened at $447.12 on Monday. The business’s fifty day moving average price is $459.46 and its two-hundred day moving average price is $441.65. The stock has a market capitalization of $15.33 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 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% compared to the same quarter last year. During the same period in the prior year, the business posted $4.48 earnings per share. Research analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date was Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

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.