Zurcher Kantonalbank Zurich Cantonalbank Purchases 8,719 Shares of Domino's Pizza, Inc. (NYSE:DPZ)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 128.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,513 shares of the restaurant operator's stock after purchasing an additional 8,719 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Domino's Pizza were worth $6,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Domino's Pizza by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,884,266 shares of the restaurant operator's stock valued at $1,580,935,000 after purchasing an additional 28,157 shares during the period. Principal Financial Group Inc. grew its stake in Domino's Pizza by 4.2% during the third quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator's stock valued at $645,549,000 after acquiring an additional 68,317 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in Domino's Pizza by 23.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,616,607 shares of the restaurant operator's stock valued at $559,993,000 after acquiring an additional 306,750 shares in the last quarter. State Street Corp grew its stake in Domino's Pizza by 3.9% during the second quarter. State Street Corp now owns 1,532,276 shares of the restaurant operator's stock valued at $516,362,000 after acquiring an additional 56,942 shares in the last quarter. Finally, FMR LLC grew its stake in Domino's Pizza by 16.0% during the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator's stock valued at $541,202,000 after acquiring an additional 197,413 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Insider Transactions at Domino's Pizza

In other news, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Cynthia A. Headen sold 768 shares of Domino's Pizza stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares of the company's stock, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of Domino's Pizza stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company's stock, valued at $1,935,762.80. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of Domino's Pizza from $510.00 to $560.00 and gave the company an "outperform" rating in a research note on Monday, April 8th. Wedbush reissued an "outperform" rating and issued a $520.00 price target on shares of Domino's Pizza in a research note on Wednesday, April 10th. Oppenheimer reissued an "outperform" rating and issued a $470.00 price target on shares of Domino's Pizza in a report on Thursday, February 22nd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $430.00 price target (up previously from $420.00) on shares of Domino's Pizza in a report on Tuesday, February 27th. Finally, Argus raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and set a $530.00 price target on the stock in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $460.90.

Domino's Pizza Price Performance

DPZ traded down $8.11 during trading on Friday, hitting $473.55. 590,272 shares of the stock traded hands, compared to its average volume of 584,993. The firm has a market capitalization of $16.49 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 2.47 and a beta of 0.86. The firm has a 50-day moving average of $460.83 and a 200 day moving average of $414.77. Domino's Pizza, Inc. has a 12-month low of $285.84 and a 12-month high of $508.44.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping the consensus estimate of $4.38 by $0.10. Domino's Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.42 billion. During the same period last year, the company posted $4.43 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts predict that Domino's Pizza, Inc. will post 15.72 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.28%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.21. The ex-dividend date of this dividend was Thursday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is currently 41.17%.

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.