Franklin Resources Inc. Sells 3,763 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Franklin Resources Inc. lowered its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,268 shares of the restaurant operator's stock after selling 3,763 shares during the period. Franklin Resources Inc. owned about 0.07% of Domino's Pizza worth $9,767,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Sherman Asset Management Inc. purchased a new position in Domino's Pizza in the 4th quarter worth $25,000. Brown Brothers Harriman & Co. increased its holdings in shares of Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 26 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Domino's Pizza during the 4th quarter worth approximately $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Domino's Pizza in the 4th quarter worth approximately $55,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino's Pizza Stock Performance

Shares of DPZ traded up $5.89 during trading hours on Monday, hitting $468.06. The company had a trading volume of 53,938 shares, compared to its average volume of 623,975. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 28.75, a P/E/G ratio of 2.47 and a beta of 1.15. The firm has a fifty day moving average price of $461.95 and a 200-day moving average price of $444.55. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the firm posted $4.48 earnings per share. The firm's quarterly revenue was up 2.9% on a year-over-year basis. Research analysts anticipate that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.49%. 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 dividend payout ratio (DPR) is currently 41.70%.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. Corporate insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DPZ. Benchmark restated a "buy" rating and issued a $520.00 target price on shares of Domino's Pizza in a report on Tuesday, February 25th. TD Cowen reaffirmed a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, February 24th. BMO Capital Markets boosted their price target on Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Robert W. Baird dropped their price objective on Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Finally, Stephens reissued an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $499.69.

Domino's Pizza Profile

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.