596,939 Shares in Domino’s Pizza, Inc. (NASDAQ:DPZ) Bought by Norges Bank

Norges Bank bought a new stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 596,939 shares of the restaurant operator’s stock, valued at approximately $250,571,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza during the third quarter valued at about $549,399,000. Janney Montgomery Scott LLC raised its holdings in shares of Domino’s Pizza by 278.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after acquiring an additional 8,136 shares during the period. Empowered Funds LLC boosted its stake in Domino’s Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock worth $2,398,000 after purchasing an additional 1,762 shares during the period. Alta Capital Management LLC boosted its stake in Domino’s Pizza by 20.5% in the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after purchasing an additional 1,214 shares during the period. Finally, Principal Financial Group Inc. grew its position in Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 5.1 %

NASDAQ DPZ opened at $447.12 on Friday. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The company has a fifty day simple moving average of $459.46 and a 200 day simple moving average of $441.41. The company has a market cap of $15.33 billion, a P/E ratio of 27.46, a P/E/G ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $4.48 earnings per share. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Analysts Set New Price Targets

Several analysts have recently commented on DPZ shares. Morgan Stanley decreased their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. BMO Capital Markets raised their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. Loop Capital decreased their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Finally, TD Cowen reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Insider Transactions at Domino’s Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the business’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 transaction, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,597 shares of company stock worth $3,762,052 over the last three months. 0.83% of the stock is currently owned by insiders.

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.