Price T Rowe Associates Inc. MD Has $221 Million Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Price T Rowe Associates Inc. MD grew its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 107.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 444,780 shares of the restaurant operator’s stock after acquiring an additional 230,090 shares during the period. Price T Rowe Associates Inc. MD owned 1.28% of Domino’s Pizza worth $221,003,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at about $25,000. Crewe Advisors LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at approximately $36,000. Quadrant Capital Group LLC grew its stake in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares in the last quarter. GAMMA Investing LLC acquired a new position in Domino’s Pizza in the fourth quarter worth approximately $78,000. Finally, Quarry LP raised its position in Domino’s Pizza by 130.2% during the fourth quarter. Quarry LP now owns 198 shares of the restaurant operator’s stock valued at $82,000 after acquiring an additional 112 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

Shares of DPZ stock traded down $7.72 during trading hours on Friday, hitting $417.45. 810,348 shares of the company’s stock were exchanged, compared to its average volume of 883,874. Domino’s Pizza, Inc. has a 52 week low of $330.05 and a 52 week high of $542.75. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 27.25, a price-to-earnings-growth ratio of 2.19 and a beta of 0.87. The stock’s 50-day moving average is $496.84 and its 200-day moving average is $474.12.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $3.08 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.17 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now owns 3,910 shares in the company, valued at $2,073,473. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DPZ has been the subject of several recent research reports. UBS Group boosted their target price on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. TD Securities reissued a “buy” rating and set a $580.00 target price on shares of Domino’s Pizza in a research report on Thursday, May 16th. Citigroup boosted their price target on Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Barclays decreased their price target on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Finally, Morgan Stanley raised their price objective on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $517.39.

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.