T. Rowe Price Investment Management Inc. Sells 527,278 Shares of Domino's Pizza Inc $DPZ

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Domino's Pizza by 20.1%, selling 527,278 shares, and now holds a total of 2,097,264 shares valued at approximately $963.59 million.
• Domino's Pizza recently declared a quarterly dividend of $1.74 per share, resulting in an annualized dividend of $6.96 and a yield of 1.5%.
• Analysts have set a consensus rating of "Moderate Buy" for Domino's Pizza, with an average price target of $489.67, reflecting positive sentiment despite a recent earnings miss.

T. Rowe Price Investment Management Inc. cut its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 20.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,097,264 shares of the restaurant operator's stock after selling 527,278 shares during the period. T. Rowe Price Investment Management Inc. owned about 6.13% of Domino's Pizza worth $963,588,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Berkshire Hathaway Inc increased its holdings 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 buying an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Domino's Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock valued at $799,897,000 after purchasing an additional 53,124 shares during the last quarter. Invesco Ltd. grew its holdings in Domino's Pizza by 32.9% during the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after purchasing an additional 200,622 shares during the last quarter. Northern Trust Corp grew its holdings in Domino's Pizza by 13.9% during the 1st quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator's stock valued at $206,891,000 after purchasing an additional 54,909 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Domino's Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock valued at $172,298,000 after purchasing an additional 5,762 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Domino's Pizza

In other news, Director James A. Goldman sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

DPZ has been the topic of several analyst reports. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $500.00 in a report on Tuesday, July 29th. Morgan Stanley upped their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Wells Fargo & Company upped their price target on shares of Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Finally, TD Securities reiterated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Monday, April 28th. One 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $489.67.

Domino's Pizza Stock Performance

Domino's Pizza stock traded up $4.13 during trading hours on Friday, hitting $450.99. The company had a trading volume of 768,802 shares, compared to its average volume of 636,998. The firm has a market cap of $15.31 billion, a P/E ratio of 26.19, a P/E/G 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 company has a 50-day moving average price of $457.86 and a two-hundred day moving average price of $465.14.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share 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 business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the company posted $4.03 EPS. Domino's Pizza's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

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

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.