Kentucky Retirement Systems Lowers Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Kentucky Retirement Systems lessened its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,649 shares of the restaurant operator’s stock after selling 142 shares during the quarter. Kentucky Retirement Systems’ holdings in Domino’s Pizza were worth $1,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Summit Trail Advisors LLC increased its stake in shares of Domino’s Pizza by 4.8% during the first quarter. Summit Trail Advisors LLC now owns 541 shares of the restaurant operator’s stock worth $269,000 after purchasing an additional 25 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Domino’s Pizza by 2.9% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock worth $385,000 after purchasing an additional 26 shares during the period. Czech National Bank boosted its position in shares of Domino’s Pizza by 0.4% during the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after buying an additional 27 shares during the period. Insight Folios Inc lifted its stake in Domino’s Pizza by 3.4% during the 1st quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after acquiring an additional 28 shares in the last quarter. Finally, Freedom Day Solutions LLC lifted its position in shares of Domino’s Pizza by 0.6% during the fourth quarter. Freedom Day Solutions LLC now owns 5,177 shares of the restaurant operator’s stock worth $2,134,000 after purchasing an additional 32 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Price Performance

NYSE:DPZ traded down $7.72 during trading hours on Friday, reaching $417.45. 810,348 shares of the company traded hands, compared to its average volume of 883,874. Domino’s Pizza, Inc. has a 1-year low of $330.05 and a 1-year high of $542.75. The firm’s 50-day moving average is $496.84 and its 200-day moving average is $474.55. The stock has a market cap of $14.60 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.19 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.08 earnings per share. As a group, research analysts predict that Domino’s Pizza, Inc. will post 16.17 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DPZ shares. HSBC increased their price objective on Domino’s Pizza from $507.00 to $583.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Jefferies Financial Group upped their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a report on Tuesday, April 16th. The Goldman Sachs Group assumed coverage on Domino’s Pizza in a research report on Thursday, June 13th. They set a “buy” rating and a $612.00 target price on the stock. Stephens cut their target price on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Robert W. Baird raised Domino’s Pizza from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $530.00 to $580.00 in a research note on Monday, July 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $517.39.

Insider Buying and Selling

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

About Domino’s Pizza

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.