Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 410,467 shares of the restaurant operator's stock after purchasing an additional 5,762 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 1.19% of Domino's Pizza worth $172,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DPZ. Principal Financial Group Inc. raised its holdings in Domino's Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Domino's Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after buying an additional 92,389 shares during the last quarter. Invesco Ltd. raised its stake in shares of Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares during the last quarter. Norges Bank purchased a new stake in shares of Domino's Pizza in the 4th quarter worth about $250,571,000. Finally, Envestnet Asset Management Inc. grew its stake in Domino's Pizza by 1.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 369,307 shares of the restaurant operator's stock valued at $155,020,000 after acquiring an additional 5,840 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on DPZ shares. Argus downgraded shares of Domino's Pizza from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Stephens reaffirmed an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Loop Capital dropped their price target on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating for the company in a research report on Tuesday, February 25th. BMO Capital Markets boosted their price target on Domino's Pizza from $500.00 to $515.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company increased their price objective on Domino's Pizza from $420.00 to $445.00 and gave the company an "equal weight" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $499.48.

Domino's Pizza Stock Up 0.4 %

Shares of Domino's Pizza stock traded up $2.09 during trading hours on Thursday, hitting $487.97. The company's stock had a trading volume of 506,997 shares, compared to its average volume of 626,924. The business has a fifty day moving average of $462.18 and a 200 day moving average of $446.84. 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 capitalization of $16.74 billion, a PE ratio of 29.97, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data 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 net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the business earned $4.48 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side 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 business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's dividend payout ratio is currently 41.70%.

Insider Buying and Selling at Domino's Pizza

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the company'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 completion of the transaction, the executive vice president now directly owns 8,756 shares of the company's stock, valued at $4,046,848.08. This represents a 4.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at $2,486,359.72. This represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 over the last 90 days. 0.83% of the stock is owned by corporate insiders.

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.