AQR Capital Management LLC Lowers Stock Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

AQR Capital Management LLC lessened its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,880 shares of the restaurant operator's stock after selling 16,193 shares during the quarter. AQR Capital Management LLC owned 0.25% of Domino's Pizza worth $36,889,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. Principal Financial Group Inc. boosted 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 buying an additional 21,705 shares during the last quarter. Geode Capital Management LLC increased its stake in Domino's Pizza by 10.7% during 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 last quarter. Invesco Ltd. raised its position in Domino's Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock valued at $255,649,000 after purchasing an additional 191,752 shares during the period. Norges Bank bought a new stake in shares of Domino's Pizza in the 4th quarter valued at approximately $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Domino's Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock valued at $172,298,000 after buying an additional 5,762 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino's Pizza

In related news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This trade represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,996 shares of company stock valued at $3,946,461. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DPZ. Royal Bank of Canada boosted their price objective on shares of Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. TD Securities reiterated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Monday, April 28th. Citigroup increased their target price on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Stephens reaffirmed an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Finally, Benchmark increased their price target on shares of Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Trading Up 0.0 %

DPZ stock traded up $0.18 during trading on Thursday, reaching $476.86. 109,048 shares of the stock were exchanged, compared to its average volume of 619,559. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44. The firm has a market cap of $16.33 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The firm's 50 day moving average is $464.37 and its 200 day moving average is $451.23.

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

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, June 13th. Domino's Pizza's payout ratio is currently 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.