State of Alaska Department of Revenue Has $1.73 Million Stock Holdings in Domino’s Pizza Inc $DPZ

State of Alaska Department of Revenue trimmed its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,850 shares of the restaurant operator’s stock after selling 190 shares during the quarter. State of Alaska Department of Revenue’s holdings in Domino’s Pizza were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Praxis Investment Management Inc. bought a new stake in Domino’s Pizza in the 1st quarter valued at $414,000. Sowell Financial Services LLC acquired a new position in Domino’s Pizza during the 1st quarter valued at about $282,000. Merit Financial Group LLC raised its position in shares of Domino’s Pizza by 88.5% in the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator’s stock valued at $731,000 after acquiring an additional 747 shares during the period. Cornerstone Wealth Group LLC raised its position in shares of Domino’s Pizza by 41.0% in the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator’s stock valued at $9,381,000 after acquiring an additional 5,939 shares during the period. Finally, Value Partners Investments Inc. raised its position in shares of Domino’s Pizza by 317.4% in the 1st quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator’s stock valued at $3,401,000 after acquiring an additional 5,625 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $426.71 on Friday. The company has a market capitalization of $14.49 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. The business has a fifty day moving average price of $448.20 and a two-hundred day moving average price of $460.79. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the business earned $4.03 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $1.74 per share. The ex-dividend date was Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino’s Pizza’s payout ratio is currently 40.42%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Guggenheim increased their target price on Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. Citigroup decreased their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating for the company in a research note on Tuesday. Morgan Stanley raised their target price on shares of Domino’s Pizza from $510.00 to $514.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Sanford C. Bernstein lifted their price objective on shares of Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada downgraded Domino’s Pizza from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.04.

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.