Kentucky Retirement Systems Sells 142 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Kentucky Retirement Systems trimmed its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,649 shares of the restaurant operator’s stock after selling 142 shares during the quarter. Kentucky Retirement Systems’ holdings in Domino’s Pizza were worth $1,316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DPZ. Vanguard Group Inc. increased its position in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after acquiring an additional 222,949 shares in the last quarter. Coatue Management LLC acquired a new stake in shares of Domino’s Pizza in the 4th quarter valued at about $322,859,000. TD Asset Management Inc lifted its holdings in shares of Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after purchasing an additional 138,224 shares in the last quarter. Norges Bank bought a new stake in shares of Domino’s Pizza in the fourth quarter valued at about $208,604,000. Finally, International Assets Investment Management LLC boosted its position in shares of Domino’s Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after buying an additional 498,170 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $2,073,473. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by corporate insiders.

Domino’s Pizza Trading Down 1.8 %

DPZ stock traded down $7.72 during trading hours on Friday, hitting $417.45. 810,348 shares of the stock were exchanged, compared to its average volume of 883,874. The company has a 50-day simple moving average of $496.84 and a two-hundred day simple moving average of $474.55. The firm has a market capitalization of $14.60 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.19 and a beta of 0.87. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $3.08 earnings per share. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 16.17 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.45%. Domino’s Pizza’s payout ratio is 39.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DPZ shares. Benchmark dropped their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Argus boosted their price objective on shares of Domino’s Pizza from $580.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. BMO Capital Markets reduced their price objective on shares of Domino’s Pizza from $575.00 to $525.00 and set an “outperform” rating for the company in a research note on Friday, July 19th. JPMorgan Chase & Co. cut their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Finally, Morgan Stanley boosted their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $517.39.

About Domino’s Pizza

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.