Price T Rowe Associates Inc. MD Sells 23,098 Shares of Domino's Pizza Inc $DPZ

Key Points

• Price T Rowe Associates Inc. reduced its stake in Domino's Pizza by 9.9%, selling 23,098 shares and retaining approximately 210,820 shares, valued at about $96.9 million.
• Domino's Pizza has recently declared a quarterly dividend of $1.74 per share, which equates to an annualized basis of $6.96 and a yield of 1.5%.
• The company's stock is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $489.67 after several price adjustments from different financial firms.

Price T Rowe Associates Inc. MD cut its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 210,820 shares of the restaurant operator's stock after selling 23,098 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.62% of Domino's Pizza worth $96,862,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza in the fourth quarter valued at about $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza in the first quarter valued at about $25,000. LRI Investments LLC bought a new position in shares of Domino's Pizza in the first quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new position in shares of Domino's Pizza in the first quarter valued at about $27,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Domino's Pizza in the fourth quarter valued at about $53,000. 94.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares of the company's stock, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Trading Up 2.1%

Domino's Pizza stock opened at $460.66 on Tuesday. The firm has a market capitalization of $15.64 billion, a P/E ratio of 26.75, a PEG ratio of 2.47 and a beta of 1.09. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $500.55. The business has a 50-day moving average of $457.98 and a 200-day moving average of $465.06.

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 (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.Domino's Pizza's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.03 earnings per share. Research analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. Domino's Pizza's dividend payout ratio is 40.42%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets lifted their price objective on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. BTIG Research set a $530.00 price objective on Domino's Pizza and gave the stock a "buy" rating in a research report on Monday, April 28th. Loop Capital lifted their price objective on Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada lowered Domino's Pizza from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $550.00 to $500.00 in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus price target of $489.67.

Domino's Pizza 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.

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