Intech Investment Management LLC Sells 13,863 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Intech Investment Management LLC lessened its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 74.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,801 shares of the restaurant operator's stock after selling 13,863 shares during the period. Intech Investment Management LLC's holdings in Domino's Pizza were worth $2,015,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DPZ. Berkshire Hathaway Inc bought a new stake in shares of Domino's Pizza in the 3rd quarter valued at about $549,399,000. FMR LLC increased its position in Domino's Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator's stock worth $941,936,000 after buying an additional 307,528 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in Domino's Pizza in the third quarter valued at approximately $99,352,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Domino's Pizza in the fourth quarter valued at approximately $41,701,000. Finally, Jennison Associates LLC boosted its stake in shares of Domino's Pizza by 75.3% during the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator's stock worth $92,253,000 after acquiring an additional 92,137 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DPZ shares. Citigroup increased their price target on Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Morgan Stanley cut their target price on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating for the company in a research note on Tuesday, January 21st. Oppenheimer upped their price target on shares of Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Wedbush reissued an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. Finally, TD Securities restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $503.41.

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Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $5.77 during trading on Tuesday, reaching $460.27. 664,943 shares of the company's stock were exchanged, compared to its average volume of 610,407. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The company has a market cap of $15.79 billion, a P/E ratio of 28.27, a PEG ratio of 2.47 and a beta of 1.06. The firm's 50-day moving average price is $456.08 and its 200 day moving average price is $440.30.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, February 24th. The restaurant operator reported $4.89 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the firm posted $4.48 EPS. The firm's revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio (DPR) is currently 41.70%.

Insider Buying and Selling at Domino's Pizza

In related news, EVP Kevin Scott Morris sold 5,416 shares of the firm'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 value of $2,366,792.00. Following the completion of the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock worth $3,762,052 over the last quarter. Corporate insiders own 0.76% of the company's stock.

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.