IFM Investors Pty Ltd Purchases Shares of 7,056 Domino's Pizza, Inc. (NYSE:DPZ)

IFM Investors Pty Ltd bought a new position in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,056 shares of the restaurant operator's stock, valued at approximately $3,506,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Domino's Pizza by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,875,715 shares of the restaurant operator's stock worth $1,597,686,000 after purchasing an additional 18,397 shares during the period. Principal Financial Group Inc. boosted its stake in Domino's Pizza by 4.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator's stock worth $645,549,000 after purchasing an additional 68,317 shares during the period. FMR LLC boosted its stake in Domino's Pizza by 16.0% in the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator's stock worth $541,202,000 after purchasing an additional 197,413 shares during the period. Coatue Management LLC acquired a new position in Domino's Pizza in the 4th quarter worth approximately $322,859,000. Finally, Norges Bank acquired a new position in Domino's Pizza in the 4th quarter worth approximately $208,604,000. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

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 legal filing with the Securities & Exchange Commission, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. 0.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Domino's Pizza from $510.00 to $560.00 and gave the stock an "outperform" rating in a research note on Monday, April 8th. Wedbush reiterated an "outperform" rating and issued a $520.00 target price on shares of Domino's Pizza in a research report on Friday. Piper Sandler increased their target price on shares of Domino's Pizza from $400.00 to $435.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 27th. Gordon Haskett upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and set a $467.00 target price for the company in a research report on Tuesday, January 16th. Finally, Barclays raised their price target on shares of Domino's Pizza from $346.00 to $405.00 and gave the company an "underweight" rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $460.90.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded up $4.30 during trading on Friday, hitting $499.07. 958,086 shares of the company's stock traded hands, compared to its average volume of 568,682. The firm's fifty day moving average price is $467.11 and its 200 day moving average price is $419.02. Domino's Pizza, Inc. has a twelve month low of $285.84 and a twelve month high of $508.44. The company has a market cap of $17.38 billion, a PE ratio of 34.02, a PEG ratio of 2.58 and a beta of 0.86.

Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating 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 business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $4.43 EPS. The firm's revenue was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that Domino's Pizza, Inc. will post 15.72 earnings per share for the current year.

Domino's Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $1.51 per share. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, March 14th. Domino's Pizza's payout ratio is 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.