Domino’s Pizza Inc (NASDAQ:DPZ) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 2.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,040 shares of the restaurant operator’s stock after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue’s holdings in Domino’s Pizza were worth $1,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DPZ. Oppenheimer & Co. Inc. increased its holdings in shares of Domino’s Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after acquiring an additional 23 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares during the period. Larson Financial Group LLC increased its holdings in shares of Domino’s Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after acquiring an additional 28 shares during the period. Robbins Farley increased its holdings in shares of Domino’s Pizza by 0.3% in the 1st quarter. Robbins Farley now owns 8,349 shares of the restaurant operator’s stock worth $3,836,000 after acquiring an additional 29 shares during the period. Finally, M&T Bank Corp increased its holdings in shares of Domino’s Pizza by 1.0% in the 4th quarter. M&T Bank Corp now owns 3,172 shares of the restaurant operator’s stock worth $1,332,000 after acquiring an additional 30 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on DPZ shares. Loop Capital increased their price objective on shares of Domino’s Pizza from $555.00 to $564.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Hsbc Global Res upgraded shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, April 22nd. BMO Capital Markets increased their target price on shares of Domino’s Pizza from $515.00 to $540.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Robert W. Baird increased their target price on shares of Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a research report on Wednesday, April 23rd. Finally, Argus reiterated a “hold” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $487.17.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $457.61 on Tuesday. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 26.24, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. The company has a 50 day simple moving average of $473.61 and a 200-day simple moving average of $457.74. Domino’s Pizza Inc has a 52-week low of $396.06 and a 52-week high of $535.26.

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

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.52%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.91%.

Insider Buying and Selling at Domino’s Pizza

In other 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 sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

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.