Retirement Systems of Alabama increased its stake in shares of Domino’s Pizza Inc. (NYSE:DPZ) by 123.1% during the second quarter, Holdings Channel reports. The institutional investor owned 143,290 shares of the company’s stock after buying an additional 79,050 shares during the period. Retirement Systems of Alabama’s holdings in Domino’s Pizza were worth $18,825,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Japan Co. Ltd bought a new stake in Domino’s Pizza during the first quarter valued at $111,000. Daiwa Securities Group Inc. bought a new stake in Domino’s Pizza during the second quarter valued at $145,000. Nordea Investment Management AB bought a new stake in Domino’s Pizza during the second quarter valued at $182,000. Strs Ohio bought a new stake in Domino’s Pizza during the second quarter valued at $185,000. Finally, Boothbay Fund Management LLC bought a new stake in Domino’s Pizza during the first quarter valued at $216,000. Institutional investors own 95.61% of the company’s stock.
Domino’s Pizza Inc. (NYSE:DPZ) traded down 0.67% on Thursday, hitting $151.75. The stock had a trading volume of 443,129 shares. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 40.85 and a beta of 0.78. The company’s 50 day moving average is $149.78 and its 200-day moving average is $135.93. Domino’s Pizza Inc. has a 1-year low of $100.56 and a 1-year high of $155.10.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.94 by $0.04. Domino’s Pizza had a net margin of 8.45% and a negative return on equity of 11.59%. The business earned $547.34 million during the quarter, compared to the consensus estimate of $533.44 million. During the same period in the previous year, the business earned $0.81 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza Inc. will post $4.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.52 annualized dividend and a yield of 1.00%. Domino’s Pizza’s dividend payout ratio is currently 40.86%.
Several equities research analysts have recently weighed in on the company. TheStreet upgraded Domino’s Pizza from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Citigroup Inc. upped their price objective on Domino’s Pizza from $137.00 to $159.00 and gave the company a “neutral” rating in a research note on Tuesday, September 13th. Nomura lowered Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a research note on Wednesday, June 22nd. Maxim Group increased their price target on Domino’s Pizza from $127.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, July 22nd. Finally, Beaufort Securities restated a “buy” rating on shares of Domino’s Pizza in a research report on Sunday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $139.96.
In other Domino’s Pizza news, insider Richard E. Allison, Jr. sold 20,000 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $146.92, for a total transaction of $2,938,400.00. Following the sale, the insider now owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James A. Goldman sold 3,095 shares of the business’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $147.66, for a total transaction of $457,007.70. Following the sale, the director now directly owns 15,167 shares in the company, valued at approximately $2,239,559.22. The disclosure for this sale can be found here. Company insiders own 5.03% of the company’s stock.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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