Kayne Anderson Rudnick Investment Management LLC Has $185.92 Million Stock Position in Domino's Pizza Inc $DPZ

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in Domino's Pizza by 1.4%, selling 5,814 shares, resulting in ownership of approximately 404,653 shares valued at $185.9 million.
• Berkshire Hathaway significantly increased its position in Domino's Pizza by 86.5%, acquiring over 1.1 million shares to reach a total of approximately 2.38 million shares worth nearly $1 billion.
• Domino's reported a quarterly EPS of $3.81, falling short of expectations, while the company announced a quarterly dividend of $1.74, with a yield of 1.5%.

Kayne Anderson Rudnick Investment Management LLC trimmed its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 1.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 404,653 shares of the restaurant operator's stock after selling 5,814 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 1.18% of Domino's Pizza worth $185,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Alpine Bank Wealth Management bought a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $27,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino's Pizza in the 4th quarter valued at approximately $25,000. Finally, SVB Wealth LLC bought a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $36,000. 94.63% of the stock is currently owned by institutional investors.

Insider Transactions at Domino's Pizza

In related news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several analyst reports. Royal Bank Of Canada lowered Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $550.00 to $500.00 in a research note on Tuesday, July 29th. Wells Fargo & Company upped their price objective on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Barclays boosted their target price on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a report on Monday, July 21st. Sanford C. Bernstein boosted their target price on Domino's Pizza from $460.00 to $490.00 and gave the stock a "market perform" rating in a report on Tuesday, July 22nd. Finally, UBS Group reaffirmed a "buy" rating and set a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Stock Performance

DPZ traded up $9.92 on Friday, hitting $458.88. 209,792 shares of the company were exchanged, compared to its average volume of 647,407. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The company has a market cap of $15.58 billion, a PE ratio of 26.66, a PEG ratio of 2.48 and a beta of 1.09. The stock's fifty day moving average is $457.99 and its 200-day moving average is $464.70.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $4.03 EPS. The business's revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio is presently 40.42%.

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.