Domino’s Pizza Inc (NASDAQ:DPZ) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,374 shares of the restaurant operator’s stock after selling 29 shares during the period. Kentucky Retirement Systems’ holdings in Domino’s Pizza were worth $1,091,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza in the fourth quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. raised its holdings in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares during the period. Covestor Ltd raised its holdings in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DPZ shares. Argus restated a “hold” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Tuesday, April 29th. Royal Bank Of Canada raised their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Bank of America raised their price target on shares of Domino’s Pizza from $520.00 to $549.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Barclays cut their price target on shares of Domino’s Pizza from $425.00 to $420.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company raised their price target on shares of Domino’s Pizza from $445.00 to $465.00 and gave the company an “equal weight” rating in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average price target of $487.17.

Domino’s Pizza Trading Up 0.5%

Shares of NASDAQ:DPZ opened at $459.97 on Wednesday. The company has a fifty day simple moving average of $473.44 and a 200 day simple moving average of $457.76. The firm has a market cap of $15.75 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11. Domino’s Pizza Inc has a 12-month low of $396.06 and a 12-month high of $532.76.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Domino’s Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.58 earnings per share. As a group, equities research analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s dividend payout ratio is presently 39.91%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza 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 completion of the transaction, the executive vice president now owns 8,756 shares of the company’s stock, valued at $4,046,848.08. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.83% of the stock is currently owned by corporate insiders.

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.