T. Rowe Price Investment Management Inc. grew its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,624,542 shares of the restaurant operator's stock after acquiring an additional 1,626 shares during the quarter. T. Rowe Price Investment Management Inc. owned 7.60% of Domino's Pizza worth $1,101,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in DPZ. Principal Financial Group Inc. increased its position in shares of Domino's Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock valued at $716,681,000 after acquiring an additional 23,681 shares during the last quarter. SkyView Investment Advisors LLC grew its stake in Domino's Pizza by 11.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator's stock valued at $1,227,000 after purchasing an additional 295 shares during the period. Tidal Investments LLC increased its position in shares of Domino's Pizza by 737.1% during the 3rd quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator's stock valued at $24,708,000 after purchasing an additional 50,579 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Domino's Pizza by 42.8% during the 3rd quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator's stock worth $11,571,000 after purchasing an additional 8,103 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Domino's Pizza during the 3rd quarter worth $1,649,000. Institutional investors own 94.63% of the company's stock.
Insider Activity
In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares of the company's stock, valued at $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on DPZ. TD Securities restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a report on Monday, March 31st. TD Cowen restated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research note on Monday, February 24th. Morgan Stanley dropped their price objective on 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. Robert W. Baird reduced 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, Guggenheim boosted their target price on Domino's Pizza from $450.00 to $460.00 and gave the company a "neutral" 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $498.08.
Check Out Our Latest Stock Report on Domino's Pizza
Domino's Pizza Stock Up 3.8 %
Shares of NASDAQ DPZ opened at $486.14 on Wednesday. The stock's 50-day simple moving average is $462.00 and its two-hundred day simple moving average is $446.57. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The firm has a market capitalization of $16.67 billion, a P/E ratio of 29.86, a P/E/G ratio of 2.47 and a beta of 1.15.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued 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). The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.48 EPS. As a group, research analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS 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. Stockholders of record on Friday, March 14th were issued a $1.74 dividend. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.43%. Domino's Pizza's dividend payout ratio is presently 41.70%.
Domino's Pizza Profile
(
Free Report)
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.
See Also
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