Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 80.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,569 shares of the restaurant operator’s stock after selling 79,254 shares during the period. Victory Capital Management Inc. owned 0.06% of Domino’s Pizza worth $8,214,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc acquired a new position in Domino’s Pizza during the 3rd quarter worth approximately $549,399,000. FMR LLC lifted its position in Domino’s Pizza by 16.3% during the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in Domino’s Pizza during the 3rd quarter worth approximately $99,352,000. Vaughan Nelson Investment Management L.P. acquired a new position in Domino’s Pizza during the 4th quarter worth approximately $41,701,000. Finally, Jennison Associates LLC lifted its position in Domino’s Pizza by 75.3% during the 3rd quarter. Jennison Associates LLC now owns 214,473 shares of the restaurant operator’s stock worth $92,253,000 after acquiring an additional 92,137 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction dated Tuesday, March 11th. The stock was 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 directly owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,597 shares of company stock worth $3,762,052. Corporate insiders own 0.76% of the company’s stock.

Domino’s Pizza Trading Down 0.7 %

NASDAQ:DPZ opened at $425.58 on Friday. The stock has a market capitalization of $14.60 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The firm’s 50 day moving average is $450.39 and its 200 day moving average is $437.92. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.48 earnings per share. Research analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.64%. Domino’s Pizza’s payout ratio is 41.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DPZ shares. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Thursday, February 20th. Morgan Stanley dropped their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Argus downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup lifted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $503.41.

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.