Domino’s Pizza Inc $DPZ Stock Position Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,766 shares of the restaurant operator’s stock after selling 2,048 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Domino’s Pizza were worth $2,926,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its holdings in shares of Domino’s Pizza by 213.8% during the 3rd quarter. International Assets Investment Management LLC now owns 4,760 shares of the restaurant operator’s stock worth $1,426,000 after buying an additional 3,243 shares during the period. Royal Bank of Canada grew its stake in Domino’s Pizza by 5.2% in the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after buying an additional 22,320 shares during the last quarter. Andra AP fonden grew its stake in Domino’s Pizza by 904.5% in the 2nd quarter. Andra AP fonden now owns 15,790 shares of the restaurant operator’s stock valued at $4,674,000 after buying an additional 14,218 shares during the last quarter. Nykredit A S bought a new position in Domino’s Pizza in the 2nd quarter valued at about $4,015,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Domino’s Pizza in the 2nd quarter valued at about $15,886,000. 94.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on Domino’s Pizza from $350.00 to $320.00 and set an “equal weight” rating for the company in a report on Wednesday, October 14th. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a research report on Wednesday, October 14th. Gordon Haskett lowered Domino’s Pizza from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. JPMorgan Chase & Co. dropped their price target on Domino’s Pizza from $380.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Domino’s Pizza in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $383.45.

Domino’s Pizza Price Performance

Domino’s Pizza stock traded up $8.49 during midday trading on Friday, hitting $341.72. The company’s stock had a trading volume of 750,061 shares, compared to its average volume of 686,169. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $442.35. The company has a 50-day moving average price of $312.12 and a two-hundred day moving average price of $339.72. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.54 and a beta of 0.95.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.33 by $0.27. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The firm had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the company earned $4.08 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza Inc will post 19.10 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 15th. Domino’s Pizza’s payout ratio is presently 43.86%.

More Domino’s Pizza News

These are some of the DPZ news items that stood out recently:

• Positive Sentiment: Baird upgraded DPZ from “neutral” to “outperform” and raised its price target to $400 from $320, citing an improving sales outlook. The target implies potential upside from the recent share price. Article: Domino’s Pizza shares rise after Baird upgrades stock on improving sales outlook
• Neutral Sentiment: Strong order growth is being offset by weaker average ticket growth, leaving the outlook dependent on whether customer traffic can continue to compensate for lower spending per order. Article: Domino’s Strong Order Trends vs. Weak Ticket Growth: What Lies Ahead?
• Neutral Sentiment: EVP Katherine Trumbull sold 370 shares for about $122,000, reducing her stake by 6.01%; she still held 5,785 shares after the transaction. The sale was modest in scale. Article: Domino’s Pizza Stock: Insider Katherine Trumbull Sells 370 Shares

Insider Activity

In related news, EVP Katherine Trumbull sold 370 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $329.90, for a total value of $122,063.00. Following the completion of the sale, the executive vice president directly owned 5,785 shares in the company, valued at approximately $1,908,471.50. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Profile

Domino’s Pizza, Inc. is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location. The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino’s Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.