Arizona State Retirement System Increases Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Arizona State Retirement System raised its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 0.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,031 shares of the restaurant operator’s stock after purchasing an additional 38 shares during the quarter. Arizona State Retirement System’s holdings in Domino’s Pizza were worth $4,211,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. FMR LLC boosted its position in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock valued at $941,936,000 after buying an additional 307,528 shares during the period. Principal Financial Group Inc. boosted its position in shares of Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after buying an additional 21,705 shares during the period. Berkshire Hathaway Inc bought a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $549,399,000. Bank of New York Mellon Corp raised its stake in shares of Domino’s Pizza by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after acquiring an additional 8,753 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $99,352,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DPZ. TD Securities reaffirmed a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research note on Monday, February 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research note on Thursday, February 20th. Loop Capital decreased their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Trading Down 1.7 %

Shares of DPZ stock opened at $472.05 on Friday. The business’s fifty day simple moving average is $449.79 and its 200-day simple moving average is $437.69. The company has a market cap of $16.19 billion, a PE ratio of 29.00, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

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

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.47%. Domino’s Pizza’s payout ratio is 41.70%.

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.