Louisiana State Employees Retirement System Purchases New Stake in Domino’s Pizza Inc $DPZ

Louisiana State Employees Retirement System acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,600 shares of the restaurant operator’s stock, valued at approximately $574,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc boosted its stake in Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares during the last quarter. Marshfield Associates raised its position in shares of Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Domino’s Pizza by 55.7% during the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after acquiring an additional 16,179 shares during the last quarter. Amica Mutual Insurance Co. lifted its stake in shares of Domino’s Pizza by 59.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock valued at $6,909,000 after purchasing an additional 6,203 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Domino’s Pizza by 10.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after purchasing an additional 6,223 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 1,463 shares of company stock worth $466,807. 0.89% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on DPZ shares. Morgan Stanley dropped their price objective on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Benchmark decreased their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Sanford C. Bernstein lowered their price target on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research note on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $325.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, June 23rd. Finally, Loop Capital decreased their price objective on shares of Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $410.39.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $313.14 on Wednesday. The firm has a market cap of $10.42 billion, a P/E ratio of 18.03, a PEG ratio of 1.43 and a beta of 0.97. Domino’s Pizza Inc has a twelve month low of $282.00 and a twelve month high of $496.00. The firm’s 50 day moving average price is $312.42 and its two-hundred day moving average price is $364.92.

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 the consensus estimate 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 company had revenue of $1.15 billion for the quarter. During the same period last year, the company earned $4.33 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza Inc will post 18.99 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 15th. Domino’s Pizza’s dividend payout ratio is 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.