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

Jacobs Levy Equity Management Inc. cut its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,283 shares of the restaurant operator's stock after selling 24,493 shares during the period. Jacobs Levy Equity Management Inc. owned 0.48% of Domino's Pizza worth $68,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in Domino's Pizza by 42.8% in the 3rd quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator's stock valued at $11,571,000 after buying an additional 8,103 shares in the last quarter. ORG Wealth Partners LLC grew its holdings in shares of Domino's Pizza by 21.3% in the fourth quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator's stock valued at $110,000 after purchasing an additional 46 shares during the period. Harbor Capital Advisors Inc. raised its stake in Domino's Pizza by 3.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 4,035 shares of the restaurant operator's stock worth $1,694,000 after purchasing an additional 122 shares during the period. Czech National Bank boosted its holdings in Domino's Pizza by 5.1% in the 4th quarter. Czech National Bank now owns 7,488 shares of the restaurant operator's stock valued at $3,143,000 after purchasing an additional 364 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in Domino's Pizza by 1.0% in the 4th quarter. Brookstone Capital Management now owns 5,628 shares of the restaurant operator's stock valued at $2,362,000 after purchasing an additional 57 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on DPZ. Royal Bank of Canada lifted their target price on shares of Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. TD Securities restated a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a research note on Monday, April 28th. BMO Capital Markets raised their price target on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Stephens restated an "equal weight" rating and set a $440.00 target price on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus price target of $498.50.

Insider Buying and Selling

In other news, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at $2,486,359.72. This represents a 26.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Reddy Sandeep sold 399 shares of the business'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 sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company's stock.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ opened at $479.37 on Friday. The firm has a market cap of $16.41 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $538.44. The firm's 50 day moving average price is $464.18 and its 200 day moving average price is $452.10.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the business earned $3.58 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

About Domino's Pizza

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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