Kayne Anderson Rudnick Investment Management LLC Acquires 5,762 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 410,467 shares of the restaurant operator's stock after acquiring an additional 5,762 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 1.19% of Domino's Pizza worth $172,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DPZ. Berkshire Hathaway Inc increased its stake in shares of Domino's Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after acquiring an additional 1,104,744 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of 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 purchasing an additional 21,705 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. lifted 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 valued at $255,649,000 after purchasing an additional 191,752 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Domino's Pizza in the 4th quarter worth approximately $250,571,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Benchmark raised their price objective on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Morgan Stanley raised their price objective on Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a research report on Tuesday, April 29th. Barclays reduced their price objective on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. 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. Finally, Argus restated a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus price target of $498.50.

Domino's Pizza Price Performance

Shares of DPZ traded down $1.45 on Wednesday, reaching $483.11. The company's stock had a trading volume of 373,518 shares, compared to its average volume of 626,098. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $538.44. The stock has a market capitalization of $16.54 billion, a P/E ratio of 29.68, a PEG ratio of 2.47 and a beta of 1.15. The stock's 50 day simple moving average is $472.33 and its two-hundred day simple moving average is $457.05.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.58 EPS. Analysts expect that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.44%. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insider Activity at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. The trade was 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 the SEC website. 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 transaction of $2,366,792.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company's stock.

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.