Lafayette Investments Inc. Acquires 233 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Lafayette Investments Inc. increased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 41.8% in the fourth quarter, HoldingsChannel reports. The firm owned 791 shares of the restaurant operator’s stock after purchasing an additional 233 shares during the period. Lafayette Investments Inc.’s holdings in Domino’s Pizza were worth $326,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Fidelis Capital Partners LLC bought a new stake in Domino’s Pizza in the fourth quarter worth $234,000. Federated Hermes Inc. boosted its holdings in Domino’s Pizza by 138.0% in the fourth quarter. Federated Hermes Inc. now owns 24,596 shares of the restaurant operator’s stock worth $10,139,000 after purchasing an additional 14,260 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Domino’s Pizza by 15.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 9,698 shares of the restaurant operator’s stock worth $3,998,000 after purchasing an additional 1,325 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Domino’s Pizza in the fourth quarter worth $18,550,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Domino’s Pizza by 128.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,513 shares of the restaurant operator’s stock worth $6,395,000 after purchasing an additional 8,719 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, 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 owned by insiders.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ traded down $5.47 during mid-day trading on Friday, hitting $476.19. 69,899 shares of the stock were exchanged, compared to its average volume of 553,934. The company has a market cap of $16.59 billion, a P/E ratio of 32.78, a PEG ratio of 2.52 and a beta of 0.86. The stock’s fifty day simple moving average is $459.86 and its two-hundred day simple moving average is $413.47. Domino’s Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $508.44.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, beating the consensus estimate of $4.38 by $0.10. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm earned $4.43 earnings per share. Domino’s Pizza’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Domino’s Pizza, Inc. will post 15.72 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $1.51 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio is 41.17%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DPZ. Evercore ISI upped their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Piper Sandler upped their price target on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Wedbush restated an “outperform” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Wednesday, April 10th. UBS Group upped their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday. Finally, TD Cowen restated a “buy” rating and set a $550.00 price target on shares of Domino’s Pizza in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.