VIRGINIA RETIREMENT SYSTEMS ET Al Invests $34.83 Million in Domino’s Pizza Inc $DPZ

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 77,300 shares of the restaurant operator’s stock, valued at approximately $34,831,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.23% of Domino’s Pizza at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Praxis Investment Management Inc. purchased a new position in Domino’s Pizza during the first quarter worth about $414,000. Sowell Financial Services LLC bought a new position in Domino’s Pizza in the first quarter valued at $282,000. Cornerstone Wealth Group LLC raised its position in Domino’s Pizza by 41.0% during the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator’s stock valued at $9,381,000 after purchasing an additional 5,939 shares in the last quarter. Value Partners Investments Inc. lifted its stake in Domino’s Pizza by 317.4% during the first quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator’s stock worth $3,401,000 after purchasing an additional 5,625 shares during the last quarter. Finally, Impax Asset Management Group plc purchased a new position in shares of Domino’s Pizza in the 1st quarter worth about $633,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $416.26 on Friday. Domino’s Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.20 and a beta of 1.12. The company has a 50-day moving average of $439.25 and a 200 day moving average of $457.38.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. Domino’s Pizza’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $4.19 EPS. On average, equities analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 40.68%.

Insider Activity

In related news, Director James A. Goldman sold 1,000 shares of Domino’s Pizza stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director directly owned 3,384 shares in the company, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

DPZ has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price objective on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday. Jefferies Financial Group lowered their price target on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Melius began coverage on shares of Domino’s Pizza in a research report on Monday, July 14th. They set a “hold” rating and a $500.00 price target for the company. Barclays decreased their price objective on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating on the stock in a report on Wednesday, October 8th. Finally, Benchmark increased their target price on Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $489.92.

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.