Domino's Pizza Inc $DPZ Shares Sold by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Domino's Pizza by 22.1%, selling 709 shares for a total holding of 2,504 shares worth approximately $1,150,000.
• Institutional investors hold 94.63% of Domino's Pizza's stock, indicating significant interest from large financial entities.
• Domino's recently declared a quarterly dividend of $1.74 per share, with an annualized yield of 1.5% and a dividend payout ratio of 40.42%.

Rafferty Asset Management LLC cut its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 22.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,504 shares of the restaurant operator's stock after selling 709 shares during the quarter. Rafferty Asset Management LLC's holdings in Domino's Pizza were worth $1,150,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DPZ. Mercer Global Advisors Inc. ADV increased its position in shares of Domino's Pizza by 53.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,648 shares of the restaurant operator's stock worth $1,112,000 after acquiring an additional 917 shares during the period. BNP Paribas purchased a new position in Domino's Pizza during the fourth quarter valued at approximately $1,206,000. BLI Banque de Luxembourg Investments purchased a new position in Domino's Pizza during the fourth quarter valued at approximately $8,416,000. Berkshire Hathaway Inc increased its holdings 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 valued at $999,868,000 after buying an additional 1,104,744 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in Domino's Pizza by 21.3% during the fourth quarter. Benjamin Edwards Inc. now owns 3,255 shares of the restaurant operator's stock worth $1,366,000 after buying an additional 571 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

NASDAQ DPZ traded up $1.23 on Friday, hitting $463.83. The stock had a trading volume of 329,250 shares, compared to its average volume of 588,679. The business's fifty day moving average price is $459.15 and its 200 day moving average price is $464.08. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly 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 firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the firm posted $4.03 earnings per share. Domino's Pizza's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

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

Analysts Set New Price Targets

DPZ has been the subject of a number of analyst reports. Redburn Atlantic initiated coverage on Domino's Pizza in a report on Tuesday, June 10th. They set a "sell" rating and a $340.00 target price for the company. Morgan Stanley upped their target price on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Guggenheim upped their target price on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a report on Wednesday, August 27th. Wells Fargo & Company upped their target price on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 22nd. Finally, Sanford C. Bernstein upped 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. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus price target of $490.78.

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.