Renaissance Technologies LLC Has $78.48 Million Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Renaissance Technologies LLC raised its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 186,969 shares of the restaurant operator's stock after purchasing an additional 38,300 shares during the period. Renaissance Technologies LLC owned about 0.54% of Domino's Pizza worth $78,482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DPZ. Janney Montgomery Scott LLC grew its position in shares of Domino's Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after acquiring an additional 8,136 shares in the last quarter. Empowered Funds LLC lifted its stake in Domino's Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock worth $2,398,000 after purchasing an additional 1,762 shares during the last quarter. Alta Capital Management LLC boosted its holdings in Domino's Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock worth $2,999,000 after purchasing an additional 1,214 shares during the period. Principal Financial Group Inc. increased its stake 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 valued at $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Domino's Pizza during the fourth quarter worth $282,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have recently commented on DPZ. Wedbush reaffirmed an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. TD Securities reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a report on Monday, March 31st. Barclays lifted their price objective on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a research report on Tuesday, February 25th. Robert W. Baird decreased their target price on shares of Domino's Pizza from $510.00 to $500.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Finally, Loop Capital reduced their price objective 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $499.69.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ traded down $8.06 on Tuesday, reaching $467.81. 129,127 shares of the company traded hands, compared to its average volume of 624,100. The stock has a market capitalization of $16.04 billion, a PE ratio of 28.74, a P/E/G ratio of 2.47 and a beta of 1.15. The company's 50 day moving average is $462.37 and its 200-day moving average is $444.88. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced 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). The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.48 earnings per share. As a group, analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Friday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is 41.70%.

Insider Activity

In related news, CFO Reddy Sandeep sold 1,077 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm's 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 sale, the executive vice president now 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 over the last 90 days. 0.83% of the stock is owned by company insiders.

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.