Price T Rowe Associates Inc. MD Buys 230,090 Shares of 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 first quarter, HoldingsChannel.com reports. 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’s holdings in Domino’s Pizza were worth $221,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Domino’s Pizza by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares in the last quarter. Coatue Management LLC acquired a new stake in shares of Domino’s Pizza during the fourth quarter valued at about $322,859,000. TD Asset Management Inc grew its holdings in shares of Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares during the last quarter. Norges Bank acquired a new position in shares of Domino’s Pizza in the fourth quarter valued at approximately $208,604,000. Finally, International Assets Investment Management LLC raised its holdings in Domino’s Pizza by 39,287.9% in the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after buying an additional 498,170 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Domino’s Pizza Stock Down 1.8 %

DPZ stock traded down $7.72 during trading on Friday, reaching $417.45. The stock had a trading volume of 810,348 shares, compared to its average volume of 883,874. The company has a market capitalization of $14.60 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.19 and a beta of 0.87. Domino’s Pizza, Inc. has a one year low of $330.05 and a one year high of $542.75. The company’s 50 day moving average is $496.84 and its two-hundred day moving average is $474.12.

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

Domino’s Pizza Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DPZ shares. Royal Bank of Canada reduced their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday. Evercore ISI increased their target price on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Robert W. Baird upgraded shares of Domino’s Pizza from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $530.00 to $580.00 in a research report on Monday, July 8th. Wedbush reiterated an “outperform” rating and set a $575.00 price objective on shares of Domino’s Pizza in a report on Monday, July 15th. Finally, Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $517.39.

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.