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

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Sandy Spring Bank reduced its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 29.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,003 shares of the restaurant operator’s stock after selling 416 shares during the period. Sandy Spring Bank’s holdings in Domino’s Pizza were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in DPZ. FMR LLC grew its stake in shares of Domino’s Pizza by 15.3% during the 3rd quarter. FMR LLC now owns 1,365,933 shares of the restaurant operator’s stock worth $402,677,000 after purchasing an additional 181,591 shares during the period. Fisher Asset Management LLC grew its stake in shares of 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 worth $264,199,000 after purchasing an additional 67,345 shares during the period. Capital Research Global Investors grew its stake in shares of Domino’s Pizza by 38.4% during the 3rd quarter. Capital Research Global Investors now owns 554,451 shares of the restaurant operator’s stock worth $163,452,000 after purchasing an additional 153,951 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Domino’s Pizza by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 511,626 shares of the restaurant operator’s stock worth $150,828,000 after purchasing an additional 5,135 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Domino’s Pizza by 77.9% during the 3rd quarter. Wells Fargo & Company MN now owns 229,878 shares of the restaurant operator’s stock worth $67,768,000 after purchasing an additional 100,668 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:DPZ opened at $260.71 on Friday. Domino’s Pizza, Inc. has a 1 year low of $218.00 and a 1 year high of $305.34. The company has a market cap of $10.84 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 1.61 and a beta of 0.67.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, February 21st. The restaurant operator reported $2.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.07). Domino’s Pizza had a net margin of 10.54% and a negative return on equity of 12.46%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $2.09 EPS. The company’s quarterly revenue was up 21.4% on a year-over-year basis. As a group, analysts expect that Domino’s Pizza, Inc. will post 9.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.65 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.00%. Domino’s Pizza’s dividend payout ratio (DPR) is 26.13%.

A number of equities research analysts have recently commented on DPZ shares. BTIG Research raised their price objective on shares of Domino’s Pizza to $335.00 and gave the stock a “buy” rating in a research note on Friday, January 18th. Cowen started coverage on shares of Domino’s Pizza in a research note on Friday, January 11th. They set an “outperform” rating and a $290.00 price objective on the stock. UBS Group set a $285.00 price objective on shares of Domino’s Pizza and gave the stock a “hold” rating in a research note on Sunday, January 20th. Maxim Group reaffirmed a “buy” rating and set a $310.00 price objective on shares of Domino’s Pizza in a research note on Friday, January 18th. Finally, Wells Fargo & Co dropped their price objective on shares of Domino’s Pizza from $255.00 to $230.00 and set a “market perform” rating on the stock in a research note on Friday, January 11th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of “Buy” and an average target price of $287.45.

In other news, CEO Richard E. Allison, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the transaction, the chief executive officer now owns 44,864 shares in the company, valued at approximately $12,530,963.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.97% of the company’s stock.

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About Domino’s Pizza

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

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

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