Price T Rowe Associates Inc. MD Trims Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Price T Rowe Associates Inc. MD decreased its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 32.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,918 shares of the restaurant operator's stock after selling 114,422 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.68% of Domino's Pizza worth $98,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of DPZ. Norges Bank acquired a new position in Domino's Pizza in the 4th quarter valued at about $250,571,000. Invesco Ltd. raised its position 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 valued at $255,649,000 after buying an additional 191,752 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Domino's Pizza in the fourth quarter valued at approximately $41,701,000. Geode Capital Management LLC grew its position in Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after acquiring an additional 92,389 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Domino's Pizza during the fourth quarter worth $32,592,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research analyst reports. Oppenheimer increased their price target on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Barclays increased their target price on shares of Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 22nd. Morgan Stanley reduced their price target on shares of Domino's Pizza from $510.00 to $496.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price objective on shares of Domino's Pizza from $420.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and an average price target of $499.48.

Insider Buying and Selling

In other Domino's Pizza news, EVP Kelly E. Garcia sold 2,104 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 793 shares of the company's stock, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock worth $3,946,461 in the last ninety days. 0.83% of the stock is owned by corporate insiders.

Domino's Pizza Price Performance

NASDAQ:DPZ opened at $487.58 on Monday. The firm has a market capitalization of $16.72 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The business's fifty day moving average price is $462.60 and its 200 day moving average price is $448.43. Domino's Pizza, Inc. has a 12 month low of $396.06 and a 12 month 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 for the quarter, missing the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $4.48 EPS. As a group, equities analysts anticipate 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 was paid on Friday, March 28th. Investors 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 1.43%. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is 41.70%.

Domino's Pizza Company 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.

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