Price T Rowe Associates Inc. MD Decreases Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Price T Rowe Associates Inc. MD lowered its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 233,918 shares of the restaurant operator's stock after selling 114,422 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.68% of Domino's Pizza worth $98,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Domino's Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock worth $708,498,000 after buying an additional 21,705 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Domino's Pizza by 10.7% in the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock worth $403,203,000 after acquiring an additional 92,389 shares during the period. Invesco Ltd. boosted its stake in shares of Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares in the last quarter. Norges Bank acquired a new stake in shares of Domino's Pizza during the 4th quarter valued at about $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Domino's Pizza by 1.4% in 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 in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Price Performance

Shares of DPZ stock traded down $8.98 during trading hours on Thursday, hitting $481.39. The company had a trading volume of 499,131 shares, compared to its average volume of 621,572. The stock has a market capitalization of $16.51 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The company's fifty day moving average is $463.90 and its 200 day moving average is $449.45. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business posted $3.58 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.45%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Analysts Set New Price Targets

DPZ has been the topic of a number of recent analyst reports. Argus reiterated a "hold" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Tuesday. Hsbc Global Res raised shares of Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. BMO Capital Markets increased their price objective on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a report on Tuesday. Citigroup boosted their target price on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Loop Capital raised 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 note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $498.50.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock worth $3,946,461 over the last three months. Company insiders own 0.83% of the company's stock.

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.