Kentucky Retirement Systems Sells 33 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Kentucky Retirement Systems cut its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,403 shares of the restaurant operator’s stock after selling 33 shares during the quarter. Kentucky Retirement Systems’ holdings in Domino’s Pizza were worth $1,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. KG&L Capital Management LLC grew its position in shares of Domino’s Pizza by 1.4% during the fourth quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares in the last quarter. Greenleaf Trust grew its position in shares of Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock valued at $358,000 after purchasing an additional 26 shares in the last quarter. Stephens Inc. AR grew its position in shares of Domino’s Pizza by 1.3% during the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock valued at $1,013,000 after purchasing an additional 31 shares in the last quarter. Principal Securities Inc. grew its position in shares of Domino’s Pizza by 3.3% during the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock valued at $452,000 after purchasing an additional 34 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its position in Domino’s Pizza by 2.0% in the third quarter. Shepherd Financial Partners LLC now owns 2,006 shares of the restaurant operator’s stock worth $863,000 after acquiring an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DPZ. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 20th. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price target for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Citigroup lifted their price target on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Morgan Stanley dropped their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Stephens reiterated an “equal weight” rating and issued a $420.00 price target on shares of Domino’s Pizza in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.41.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $455.64 on Tuesday. The company has a 50 day moving average price of $441.12 and a 200-day moving average price of $435.12. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a market capitalization of $15.73 billion, a PE ratio of 27.99, a P/E/G ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted $4.48 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

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.