Domino's Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. decreased its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,283 shares of the restaurant operator's stock after selling 24,493 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.48% of Domino's Pizza worth $68,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new stake in shares of Domino's Pizza in the fourth quarter worth $25,000. Brown Brothers Harriman & Co. grew its holdings in Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 61 shares in the last quarter. Covestor Ltd increased its position in shares of Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. bought a new position in shares of Domino's Pizza during the fourth quarter worth about $42,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insiders Place Their Bets

In other Domino's Pizza news, 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 sale, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $184,409.82. Following the completion of the sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at $4,046,848.08. The trade was a 4.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 over the last ninety days. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DPZ shares. Robert W. Baird upped their price objective on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company boosted their price target on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Guggenheim raised their price objective on Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 22nd. Loop Capital boosted their target price on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, BMO Capital Markets increased their target price on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $498.50.

Domino's Pizza Price Performance

Shares of DPZ traded up $9.14 during trading hours on Friday, reaching $495.05. 349,288 shares of the company's stock traded hands, compared to its average volume of 623,998. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44. The business's fifty day simple moving average is $465.53 and its two-hundred day simple moving average is $453.74. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 30.41, 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 results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino's Pizza's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.58 EPS. On average, equities research analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.41%. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.

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.