Domino’s Pizza Inc $DPZ Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 95.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,280 shares of the restaurant operator’s stock after selling 51,380 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Domino’s Pizza were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza in the 1st quarter worth about $895,251,000. BlackRock Inc. bought a new position in Domino’s Pizza during the 2nd quarter valued at about $715,704,000. Van ECK Associates Corp grew its holdings in Domino’s Pizza by 937,192.2% during the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock valued at $141,513,000 after purchasing an additional 477,968 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Finally, London Co. of Virginia purchased a new stake in Domino’s Pizza in the 1st quarter worth about $129,253,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 2.2%

Shares of NASDAQ DPZ traded down $7.35 during mid-day trading on Friday, reaching $334.28. The company had a trading volume of 653,493 shares, compared to its average volume of 870,043. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.49 and a beta of 0.95. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $442.35. The business’s 50-day moving average is $313.29 and its 200-day moving average is $341.60.

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

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. Domino’s Pizza’s dividend payout ratio (DPR) is 43.86%.

Wall Street Analyst Weigh In

DPZ has been the subject of several recent analyst reports. Seaport Research Partners initiated coverage on Domino’s Pizza in a research report on Wednesday, September 16th. They set a “neutral” rating for the company. UBS Group reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Monday, October 5th. Berenberg Bank upgraded Domino’s Pizza to a “strong-buy” rating in a report on Monday, October 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Domino’s Pizza in a report on Wednesday, August 26th. Finally, Morgan Stanley decreased their price target on Domino’s Pizza from $357.00 to $345.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.87.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.