Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,688 shares of the restaurant operator’s stock after selling 247 shares during the quarter. Retirement Systems of Alabama’s holdings in Domino’s Pizza were worth $3,169,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in Domino’s Pizza during the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its position in shares of Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Domino’s Pizza in the third quarter worth about $39,000. Jones Financial Companies Lllp bought a new stake in Domino’s Pizza in the third quarter valued at about $49,000. Finally, Larson Financial Group LLC acquired a new stake in Domino’s Pizza during the third quarter valued at approximately $53,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares in the company, valued at $16,844,366.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock valued at $6,995,948 over the last ninety days. Insiders own 0.81% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $517.23 on Wednesday. The stock has a market cap of $18.04 billion, a PE ratio of 33.76, a price-to-earnings-growth ratio of 2.57 and a beta of 0.83. The business’s fifty day moving average is $477.95 and its 200-day moving average is $426.76. Domino’s Pizza, Inc. has a 1 year low of $285.84 and a 1 year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company earned $2.93 earnings per share. Domino’s Pizza’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts predict that Domino’s Pizza, Inc. will post 16 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.17%. Domino’s Pizza’s payout ratio is currently 39.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DPZ. Piper Sandler boosted their price target on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a report on Tuesday, February 27th. Wells Fargo & Company raised their price target on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Morgan Stanley boosted their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. BMO Capital Markets raised their target price on shares of Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, Evercore ISI increased their price target on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $516.19.

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.