State Board of Administration of Florida Retirement System Sells 1,180 Shares of Domino’s Pizza, Inc. (DPZ)

State Board of Administration of Florida Retirement System decreased its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,497 shares of the restaurant operator’s stock after selling 1,180 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Domino’s Pizza worth $17,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $119,000. First Hawaiian Bank acquired a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $142,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $166,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of Domino’s Pizza during the 2nd quarter valued at $172,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Domino’s Pizza by 257.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 582 shares of the restaurant operator’s stock valued at $172,000 after acquiring an additional 419 shares in the last quarter. 94.18% of the stock is currently owned by institutional investors.

In other news, COO Russell J. Weiner sold 4,404 shares of Domino’s Pizza stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total value of $1,294,247.52. Following the completion of the transaction, the chief operating officer now directly owns 13,738 shares of the company’s stock, valued at approximately $4,037,323.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider J Patrick Doyle sold 10,000 shares of Domino’s Pizza stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $295.32, for a total value of $2,953,200.00. Following the completion of the transaction, the insider now directly owns 34,670 shares of the company’s stock, valued at $10,238,744.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,004 shares of company stock valued at $11,956,888. Corporate insiders own 3.97% of the company’s stock.

DPZ stock opened at $274.35 on Friday. Domino’s Pizza, Inc. has a 1-year low of $168.56 and a 1-year high of $305.34. The stock has a market capitalization of $11.29 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.41.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.20. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. The firm had revenue of $786.00 million during the quarter, compared to analyst estimates of $789.10 million. During the same period last year, the company posted $1.27 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, research analysts predict that Domino’s Pizza, Inc. will post 8.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.20%.

Several research analysts have commented on DPZ shares. Zacks Investment Research downgraded Domino’s Pizza from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. Wells Fargo & Co lifted their target price on Domino’s Pizza from $255.00 to $260.00 and gave the stock a “market perform” rating in a report on Monday, October 8th. They noted that the move was a valuation call. Citigroup lifted their target price on Domino’s Pizza from $281.00 to $298.00 and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Maxim Group lifted their target price on Domino’s Pizza from $285.00 to $305.00 and gave the stock a “hold” rating in a report on Wednesday, October 10th. Finally, JPMorgan Chase & Co. lifted their target price on Domino’s Pizza from $260.00 to $270.00 and gave the stock a “$271.75” rating in a report on Monday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $274.30.

WARNING: This report was originally reported by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.americanbankingnews.com/2018/11/10/state-board-of-administration-of-florida-retirement-system-sells-1180-shares-of-dominos-pizza-inc-dpz.html.

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 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.

Featured Story: Bull Market

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

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply