Sumitomo Mitsui Trust Group Inc. Buys 2,391 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Sumitomo Mitsui Trust Group Inc. increased its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,546 shares of the restaurant operator's stock after buying an additional 2,391 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Domino's Pizza worth $37,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc raised its holdings in shares of 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 acquiring an additional 1,104,744 shares in the last quarter. Norges Bank purchased a new position in Domino's Pizza during the 4th quarter valued at $250,571,000. GAMMA Investing LLC raised its holdings in Domino's Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock worth $119,480,000 after purchasing an additional 259,566 shares in the last quarter. Invesco Ltd. raised its holdings in Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Domino's Pizza in the 4th quarter worth about $56,647,000. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Price Performance

NASDAQ DPZ traded up $2.06 during mid-day trading on Friday, reaching $456.00. The stock had a trading volume of 390,501 shares, compared to its average volume of 642,875. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $509.09. The company has a fifty day moving average price of $469.77 and a 200 day moving average price of $457.86. The stock has a market cap of $15.61 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. Domino's Pizza's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $3.58 EPS. As a group, equities research analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $1.74 per share. The ex-dividend date was Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.53%. Domino's Pizza's payout ratio is 39.91%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DPZ shares. Loop Capital boosted their price target on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Royal Bank Of Canada upped their target price on Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. TD Securities reissued a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Monday, April 28th. Bank of America lifted their price target on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Robert W. Baird upped their price target on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $487.17.

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.