Adams Diversified Equity Fund Inc. Makes New $11.90 Million Investment in Domino's Pizza Inc (NASDAQ:DPZ)

Adams Diversified Equity Fund Inc. bought a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 25,900 shares of the restaurant operator's stock, valued at approximately $11,900,000. Adams Diversified Equity Fund Inc. owned 0.08% of Domino's Pizza as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DPZ. Oppenheimer & Co. Inc. grew its position in Domino's Pizza by 2.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock valued at $486,000 after purchasing an additional 23 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 buying an additional 26 shares during the last quarter. Larson Financial Group LLC increased its stake in Domino's Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator's stock valued at $427,000 after buying an additional 28 shares during the last quarter. Robbins Farley increased its stake in Domino's Pizza by 0.3% in the 1st quarter. Robbins Farley now owns 8,349 shares of the restaurant operator's stock valued at $3,836,000 after buying an additional 29 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Domino's Pizza by 1.0% in the 4th quarter. M&T Bank Corp now owns 3,172 shares of the restaurant operator's stock valued at $1,332,000 after buying an additional 30 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Stock Down 1.8%

Shares of Domino's Pizza stock traded down $8.33 during trading on Friday, reaching $446.39. The company's stock had a trading volume of 963,247 shares, compared to its average volume of 641,818. The business's 50-day moving average price is $472.61 and its 200-day moving average price is $457.65. The firm has a market cap of $15.28 billion, a PE ratio of 25.60, a P/E/G ratio of 2.59 and a beta of 1.11. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $521.50.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. Domino's Pizza's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.58 earnings per share. Equities analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.56%. Domino's Pizza's payout ratio is presently 39.91%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DPZ. TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a research note on Monday, April 28th. Citigroup boosted their target price on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. BMO Capital Markets boosted 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. Robert W. Baird boosted their target price on shares of Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $487.17.

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.