California Public Employees Retirement System Sells 1,854 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

California Public Employees Retirement System lowered its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 220,920 shares of the restaurant operator’s stock after selling 1,854 shares during the quarter. California Public Employees Retirement System owned about 0.63% of Domino’s Pizza worth $91,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. AE Wealth Management LLC bought a new position in Domino’s Pizza during the 3rd quarter worth $735,000. Exchange Traded Concepts LLC raised its stake in Domino’s Pizza by 284.4% in the third quarter. Exchange Traded Concepts LLC now owns 246 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 182 shares in the last quarter. Oak Thistle LLC acquired a new position in Domino’s Pizza in the third quarter valued at about $1,097,000. Czech National Bank grew its stake in Domino’s Pizza by 46.6% during the third quarter. Czech National Bank now owns 6,134 shares of the restaurant operator’s stock worth $2,323,000 after buying an additional 1,951 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Domino’s Pizza by 7.4% during the third quarter. Asset Management One Co. Ltd. now owns 15,168 shares of the restaurant operator’s stock worth $5,745,000 after buying an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an “outperform” rating in a report on Tuesday, February 27th. Barclays raised their target price on Domino’s Pizza from $346.00 to $405.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. UBS Group upped their price objective on Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI raised their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, TD Cowen reissued a “buy” rating and set a $550.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.90.

Domino’s Pizza Price Performance

DPZ opened at $487.71 on Thursday. Domino’s Pizza, Inc. has a fifty-two week low of $285.84 and a fifty-two week high of $508.44. The firm has a market capitalization of $16.99 billion, a PE ratio of 33.25, a P/E/G ratio of 2.51 and a beta of 0.86. The company’s 50-day moving average is $464.16 and its 200 day moving average is $417.01.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $4.43 earnings per share. As a group, analysts expect that Domino’s Pizza, Inc. will post 15.72 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $1.51 dividend. The ex-dividend date was Thursday, March 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.24%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.21. Domino’s Pizza’s dividend payout ratio is currently 41.17%.

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.