T. Rowe Price Investment Management Inc. Has $837.09 Million Stock Position in Domino’s Pizza Inc $DPZ

T. Rowe Price Investment Management Inc. boosted its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,008,278 shares of the restaurant operator’s stock after purchasing an additional 7,497 shares during the period. T. Rowe Price Investment Management Inc. owned about 0.06% of Domino’s Pizza worth $837,091,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the last quarter. Johnson Financial Group Inc. lifted its position in shares of Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after buying an additional 56 shares during the last quarter. Arax Advisory Partners bought a new stake in shares of Domino’s Pizza during the 4th quarter worth $42,000. MUFG Securities EMEA plc acquired a new stake in Domino’s Pizza in the second quarter valued at about $46,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Domino’s Pizza by 64.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DPZ shares. Royal Bank Of Canada reduced their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. Guggenheim lowered their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. BMO Capital Markets cut their target price on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Jefferies Financial Group reduced their price target on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Finally, Robert W. Baird decreased their price target on Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $418.13.

Domino’s Pizza Stock Performance

DPZ stock opened at $312.47 on Friday. The business has a 50-day simple moving average of $330.60 and a two-hundred day simple moving average of $376.57. The company has a market capitalization of $10.39 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. Domino’s Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion during the quarter. During the same period in the previous year, the business posted $4.33 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Domino’s Pizza Inc will post 19.07 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 Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total transaction of $151,817.38. Following the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,915,392.48. This trade represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 1,463 shares of company stock valued at $466,807. Corporate insiders own 0.89% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.