Retirement Systems of Alabama Sells 247 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Retirement Systems of Alabama lowered its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 3.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,688 shares of the restaurant operator’s stock after selling 247 shares during the period. Retirement Systems of Alabama’s holdings in Domino’s Pizza were worth $3,169,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DPZ. Capital Investment Advisors LLC boosted its stake in Domino’s Pizza by 1.1% in the fourth quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock valued at $917,000 after buying an additional 25 shares in the last quarter. Wealthsource Partners LLC boosted its stake in shares of Domino’s Pizza by 2.0% in the 4th quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after purchasing an additional 25 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings 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 valued at $385,000 after purchasing an additional 26 shares during the last quarter. Freedom Day Solutions LLC increased its position in Domino’s Pizza by 0.6% during the 4th 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. Finally, Insight Advisors LLC PA lifted its stake in Domino’s Pizza by 4.5% in the 4th quarter. Insight Advisors LLC PA now owns 810 shares of the restaurant operator’s stock valued at $334,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were 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 of the company’s stock, valued at $16,844,366.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock worth $6,995,948 in the last quarter. 0.81% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on DPZ. UBS Group upped their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada raised their price objective on shares of Domino’s Pizza from $525.00 to $575.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Gordon Haskett raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 target price on the stock in a report on Tuesday, January 16th. Citigroup lifted their price target on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. Finally, Robert W. Baird increased their price objective on Domino’s Pizza from $510.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $516.19.

Domino’s Pizza Price Performance

DPZ opened at $517.23 on Wednesday. The firm has a market capitalization of $18.04 billion, a PE ratio of 33.76, a P/E/G ratio of 2.57 and a beta of 0.83. Domino’s Pizza, Inc. has a fifty-two week low of $285.84 and a fifty-two week high of $542.75. The company’s 50-day moving average is $477.95 and its 200 day moving average is $426.76.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, analysts expect that Domino’s Pizza, Inc. will post 16 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, June 14th. Domino’s Pizza’s dividend payout ratio is 39.43%.

Domino’s Pizza Company 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.