Retirement Systems of Alabama Has $3.41 Million Stock Holdings in Domino’s Pizza Inc (NASDAQ:DPZ)

Retirement Systems of Alabama trimmed its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 0.7% during the first quarter, Holdings Channel reports. The institutional investor owned 7,421 shares of the restaurant operator’s stock after selling 55 shares during the quarter. Retirement Systems of Alabama’s holdings in Domino’s Pizza were worth $3,410,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DPZ. Berkshire Hathaway Inc lifted its stake in shares of Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares in the last quarter. Norges Bank bought a new position in shares of Domino’s Pizza in the fourth quarter valued at $250,571,000. GAMMA Investing LLC lifted its stake in shares of Domino’s Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock valued at $119,480,000 after buying an additional 259,566 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Domino’s Pizza by 46.0% in the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of Domino’s Pizza in the fourth quarter valued at $56,647,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Stock Down 1.5%

NASDAQ DPZ opened at $453.13 on Thursday. The firm has a market cap of $15.52 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 2.62 and a beta of 1.11. The company’s 50 day moving average is $473.26 and its 200-day moving average is $457.73. Domino’s Pizza Inc has a 12-month low of $396.06 and a 12-month high of $526.66.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. Domino’s Pizza’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $3.58 EPS. Equities analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays dropped their price objective on shares of Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 30th. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Loop Capital increased their target price on shares of Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Benchmark increased their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Finally, TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $487.17.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by 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.