Sterling Capital Management LLC Has $36.91 Million Stock Holdings in Domino’s Pizza Inc $DPZ

Sterling Capital Management LLC trimmed its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 6.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 102,885 shares of the restaurant operator’s stock after selling 7,007 shares during the quarter. Sterling Capital Management LLC’s holdings in Domino’s Pizza were worth $36,914,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc increased its stake in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares in the last quarter. Marshfield Associates lifted its stake in shares of Domino’s Pizza by 4.0% in the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after buying an additional 28,765 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Domino’s Pizza by 55.7% during the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after buying an additional 16,179 shares during the last quarter. Amica Mutual Insurance Co. grew its holdings in shares of Domino’s Pizza by 59.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after buying an additional 6,203 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Domino’s Pizza by 10.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after acquiring an additional 6,223 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 1,463 shares of company stock valued at $466,807 over the last three months. Corporate insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research note on Monday, April 27th. BTIG Research lowered their price objective on Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday. Loop Capital dropped their target price on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, The Goldman Sachs Group cut their target price on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $412.97.

Domino’s Pizza Price Performance

DPZ opened at $298.18 on Friday. The company’s 50-day moving average is $321.40 and its 200 day moving average is $371.41. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $496.00. The firm has a market capitalization of $9.92 billion, a P/E ratio of 17.17, a PEG ratio of 1.33 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm had revenue of $1.15 billion during the quarter. During the same period last year, the firm earned $4.33 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza Inc will post 18.98 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand?crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.