Louisiana State Employees Retirement System Takes Position in Domino’s Pizza Inc $DPZ

Louisiana State Employees Retirement System acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) during the first quarter, HoldingsChannel.com reports. The fund acquired 1,600 shares of the restaurant operator’s stock, valued at approximately $574,000.

Other large investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc grew its position in Domino’s Pizza by 12.3% in the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after purchasing an additional 368,055 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Domino’s Pizza by 0.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock worth $837,091,000 after buying an additional 7,497 shares in the last quarter. State Street Corp boosted its stake in shares of Domino’s Pizza by 3.8% during the 4th quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator’s stock worth $570,595,000 after buying an additional 49,613 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Domino’s Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator’s stock worth $432,033,000 after buying an additional 19,019 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Domino’s Pizza by 4.5% in the 4th quarter. Invesco Ltd. now owns 961,000 shares of the restaurant operator’s stock valued at $400,564,000 after acquiring an additional 41,170 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $313.14 on Wednesday. The company’s 50-day moving average is $312.42 and its 200-day moving average is $364.92. The firm has a market capitalization of $10.42 billion, a PE ratio of 18.03, a P/E/G ratio of 1.43 and a beta of 0.97. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.33 EPS. As a group, analysts expect that Domino’s Pizza Inc will post 18.99 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. Domino’s Pizza’s payout ratio is presently 45.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Loop Capital lowered their target price on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Benchmark reduced their price target on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Piper Sandler decreased their price target on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research report on Monday, April 27th. Finally, Northcoast Research dropped their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $410.39.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $2,915,392.48. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is currently owned by corporate insiders.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.