Jennison Associates LLC Sells 20,713 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Jennison Associates LLC lessened its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 14.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,418 shares of the restaurant operator's stock after selling 20,713 shares during the period. Jennison Associates LLC owned about 0.35% of Domino's Pizza worth $54,407,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DPZ. Allworth Financial LP increased its position in Domino's Pizza by 16.0% during the first quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after acquiring an additional 24 shares during the period. Lodestone Wealth Management LLC grew its position in Domino's Pizza by 4.4% in the first quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock valued at $270,000 after acquiring an additional 25 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in Domino's Pizza by 1.1% in the first quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock valued at $1,094,000 after buying an additional 25 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares in the last quarter. Finally, Robbins Farley grew its stake in shares of Domino's Pizza by 0.3% during the 1st quarter. Robbins Farley now owns 8,349 shares of the restaurant operator's stock worth $3,836,000 after acquiring an additional 29 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Stock Performance

Shares of DPZ stock traded down $2.27 on Monday, hitting $463.69. The company had a trading volume of 1,651,118 shares, compared to its average volume of 632,866. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $500.55. The stock's 50-day moving average is $466.13 and its two-hundred day moving average is $460.71. The firm has a market cap of $15.88 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.63 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $4.03 EPS. Equities research analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $1.74 dividend. The ex-dividend date was Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.50%. Domino's Pizza's payout ratio is 39.91%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley lifted their target price on Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Wells Fargo & Company raised their target price on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. BTIG Research set a $530.00 price objective on Domino's Pizza and gave the company a "buy" rating in a research report on Monday, April 28th. Finally, Loop Capital raised their price objective on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $487.84.

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.