Jennison Associates LLC Purchases 84,350 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Jennison Associates LLC boosted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 514.7% in the fourth quarter, HoldingsChannel reports. The firm owned 100,738 shares of the restaurant operator’s stock after buying an additional 84,350 shares during the quarter. Jennison Associates LLC’s holdings in Domino’s Pizza were worth $41,527,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Domino’s Pizza by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,704,241 shares of the restaurant operator’s stock valued at $645,549,000 after acquiring an additional 68,317 shares during the period. FMR LLC boosted its holdings in Domino’s Pizza by 16.0% in the 3rd quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock worth $541,202,000 after buying an additional 197,413 shares during the period. International Assets Investment Management LLC boosted 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 worth $205,883,000 after buying an additional 498,170 shares during the period. Northern Trust Corp boosted its holdings in Domino’s Pizza by 9.4% in the 3rd quarter. Northern Trust Corp now owns 381,443 shares of the restaurant operator’s stock worth $144,487,000 after buying an additional 32,820 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Domino’s Pizza by 4.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 300,782 shares of the restaurant operator’s stock worth $113,933,000 after buying an additional 14,013 shares during the period. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Trading Up 2.1 %

Shares of DPZ opened at $481.05 on Wednesday. The firm’s 50-day moving average price is $462.90 and its 200-day moving average price is $416.51. The firm has a market capitalization of $16.75 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 2.46 and a beta of 0.86. Domino’s Pizza, Inc. has a 1-year low of $285.84 and a 1-year high of $508.44.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.43 EPS. On average, research analysts forecast that Domino’s Pizza, Inc. will post 15.72 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 29th. Investors of record on Friday, March 15th were given a dividend of $1.51 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 41.17%.

Analysts Set New Price Targets

Several research firms recently commented on DPZ. Morgan Stanley raised their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. 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 report on Monday, April 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $430.00 target price (up previously from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Sanford C. Bernstein raised shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and increased their target price for the company from $330.00 to $370.00 in a report on Tuesday, January 9th. Finally, Barclays increased their target price on shares of Domino’s Pizza from $346.00 to $405.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $460.90.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

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.