Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 13.0% during the 4th quarter, HoldingsChannel reports. The firm owned 164,283 shares of the restaurant operator’s stock after selling 24,493 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Domino’s Pizza were worth $68,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Berkshire Hathaway Inc boosted its position in Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Domino’s Pizza by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Geode Capital Management LLC grew its stake in Domino’s Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. raised its position in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at approximately $250,571,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DPZ shares. Hsbc Global Res raised shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Loop Capital upped their target price 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, April 29th. BMO Capital Markets lifted their price target on Domino’s Pizza from $515.00 to $540.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 29th. Royal Bank of Canada boosted their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Finally, Guggenheim increased their target price on Domino’s Pizza from $450.00 to $460.00 and gave the stock a “neutral” rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $498.50.

Insider Activity

In other news, EVP Kelly E. Garcia sold 2,104 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Stock Up 0.5 %

DPZ stock opened at $479.37 on Friday. The company has a 50-day simple moving average of $464.18 and a 200 day simple moving average of $452.10. The company has a market capitalization of $16.41 billion, a P/E ratio of 29.45, a PEG ratio of 2.47 and a beta of 1.15. 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) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business posted $3.58 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Domino’s Pizza 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.