Rhumbline Advisers Has $32.92 Million Stock Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Rhumbline Advisers lessened its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 4.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,643 shares of the restaurant operator's stock after selling 3,380 shares during the period. Rhumbline Advisers owned about 0.21% of Domino's Pizza worth $32,916,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Berkshire Hathaway Inc increased its position in Domino's Pizza by 86.5% during the fourth 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 during the last quarter. Norges Bank purchased a new stake in shares of Domino's Pizza during the 4th quarter valued at $250,571,000. GAMMA Investing LLC increased its holdings in shares of Domino's Pizza by 53,740.4% during the 1st 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. raised its position in shares of Domino's Pizza by 46.0% in the 4th 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 during the period. Finally, Freestone Grove Partners LP purchased a new position in shares of Domino's Pizza in the 4th quarter worth $56,647,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares of the company's stock, valued at $346,541. This represents a 87.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. Insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on DPZ shares. Barclays cut their price objective on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. BMO Capital Markets raised their price objective on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Stephens reiterated an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada increased their price target on Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $498.50.

Domino's Pizza Stock Up 1.8%

DPZ stock traded up $8.18 during midday trading on Friday, reaching $468.21. 432,061 shares of the company's stock traded hands, compared to its average volume of 627,707. The company has a 50-day simple moving average of $473.42 and a two-hundred day simple moving average of $458.37. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $538.44. The company has a market cap of $16.03 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 2.47 and a beta of 1.11.

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 firm 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 12.26% and a negative return on equity of 14.35%. The company's revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.58 EPS. Equities research analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio 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.