Adams Diversified Equity Fund Inc. Makes New Investment in Domino's Pizza Inc (NASDAQ:DPZ)

Adams Diversified Equity Fund Inc. bought a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 25,900 shares of the restaurant operator's stock, valued at approximately $11,900,000. Adams Diversified Equity Fund Inc. owned approximately 0.08% of Domino's Pizza as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Berkshire Hathaway Inc increased its position in shares of Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Norges Bank bought a new stake in Domino's Pizza during the fourth quarter worth about $250,571,000. GAMMA Investing LLC grew its stake in Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after buying an additional 259,566 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Domino's Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Domino's Pizza in the fourth quarter valued at approximately $56,647,000. Institutional investors own 94.63% of the company's stock.

Insider Buying and Selling

In related news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Domino's Pizza Price Performance

DPZ traded up $1.59 during trading on Thursday, reaching $454.72. The company had a trading volume of 604,122 shares, compared to its average volume of 639,033. The company has a market cap of $15.57 billion, a P/E ratio of 26.07, a PEG ratio of 2.62 and a beta of 1.11. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $521.50. The business's fifty day moving average price is $473.26 and its 200 day moving average price is $457.73.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $3.58 earnings per share. As a group, sell-side analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.53%. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.

Analyst Ratings Changes

A number of research firms recently weighed in on DPZ. Citigroup raised their price target on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Argus restated a "hold" rating and issued a $490.00 target price on shares of Domino's Pizza in a research note on Tuesday, April 29th. Loop Capital lifted their price target on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Bank of America increased their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, TD Securities restated a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $487.17.

Domino's Pizza 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.