Domino’s Pizza, Inc. (DPZ) Shares Sold by Sandy Spring Bank

Sandy Spring Bank cut its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 15.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 852 shares of the restaurant operator’s stock after selling 151 shares during the quarter. Sandy Spring Bank’s holdings in Domino’s Pizza were worth $220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Domino’s Pizza by 5.6% during the 4th quarter. BlackRock Inc. now owns 5,380,982 shares of the restaurant operator’s stock valued at $1,334,427,000 after acquiring an additional 284,078 shares during the last quarter. FMR LLC raised its stake in Domino’s Pizza by 51.2% during the 4th quarter. FMR LLC now owns 2,065,435 shares of the restaurant operator’s stock valued at $512,206,000 after acquiring an additional 699,502 shares during the last quarter. Fisher Asset Management LLC raised its stake in Domino’s Pizza by 6.7% during the 4th quarter. Fisher Asset Management LLC now owns 1,065,361 shares of the restaurant operator’s stock valued at $264,199,000 after acquiring an additional 67,345 shares during the last quarter. Norges Bank purchased a new stake in Domino’s Pizza during the 4th quarter valued at approximately $116,931,000. Finally, Geode Capital Management LLC raised its stake in Domino’s Pizza by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 417,832 shares of the restaurant operator’s stock valued at $103,553,000 after acquiring an additional 27,160 shares during the last quarter. 93.84% of the stock is owned by hedge funds and other institutional investors.

In related news, CFO Jeffrey D. Lawrence sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $255.00, for a total value of $1,020,000.00. Following the completion of the transaction, the chief financial officer now directly owns 3,494 shares of the company’s stock, valued at approximately $890,970. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Goldman sold 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $247.24, for a total value of $294,215.60. Following the completion of the transaction, the director now directly owns 7,695 shares of the company’s stock, valued at $1,902,511.80. The disclosure for this sale can be found here. Company insiders own 1.62% of the company’s stock.

Several analysts have commented on the company. Maxim Group reaffirmed a “buy” rating and set a $305.00 price objective (down from $310.00) on shares of Domino’s Pizza in a research note on Friday, February 22nd. Wells Fargo & Co reduced their price objective on Domino’s Pizza from $250.00 to $240.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. ValuEngine downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Zacks Investment Research downgraded Domino’s Pizza from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. raised Domino’s Pizza from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $94.00 to $270.00 in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $297.16.

Shares of DPZ stock opened at $272.86 on Thursday. The company has a market cap of $11.21 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57. Domino’s Pizza, Inc. has a 12-month low of $231.28 and a 12-month high of $305.34.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The firm had revenue of $835.96 million during the quarter, compared to the consensus estimate of $852.59 million. During the same period last year, the business posted $2.00 EPS. Domino’s Pizza’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Domino’s Pizza, Inc. will post 9.32 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, June 13th. Domino’s Pizza’s payout ratio is currently 30.88%.

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Domino’s Pizza Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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