Kentucky Retirement Systems Insurance Trust Fund Lowers Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Kentucky Retirement Systems Insurance Trust Fund cut its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,151 shares of the restaurant operator’s stock after selling 92 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Domino’s Pizza were worth $572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James & Associates lifted its position in Domino’s Pizza by 4.5% in the 4th quarter. Raymond James & Associates now owns 52,028 shares of the restaurant operator’s stock worth $21,447,000 after buying an additional 2,221 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Domino’s Pizza by 36.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,489 shares of the restaurant operator’s stock worth $6,385,000 after acquiring an additional 4,152 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Domino’s Pizza by 22.4% in the 4th quarter. Pacer Advisors Inc. now owns 3,377 shares of the restaurant operator’s stock valued at $1,392,000 after purchasing an additional 619 shares in the last quarter. Realta Investment Advisors bought a new position in shares of Domino’s Pizza during the 4th quarter valued at $742,000. Finally, Fifth Third Bancorp raised its position in Domino’s Pizza by 7.1% in the 4th quarter. Fifth Third Bancorp now owns 848 shares of the restaurant operator’s stock worth $350,000 after purchasing an additional 56 shares during the period. 94.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DPZ shares. BMO Capital Markets decreased their price target on Domino’s Pizza from $575.00 to $525.00 and set an “outperform” rating on the stock in a research note on Friday, July 19th. Robert W. Baird upgraded shares of Domino’s Pizza from a “neutral” rating to an “outperform” rating and upped their price target for the company from $530.00 to $580.00 in a report on Monday, July 8th. UBS Group increased their price target on shares of Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Loop Capital decreased their price objective on shares of Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Finally, The Goldman Sachs Group initiated coverage on shares of Domino’s Pizza in a report on Thursday, June 13th. They set a “buy” rating and a $612.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $517.39.

Insider Transactions at Domino’s Pizza

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

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock traded down $7.72 during midday trading on Friday, hitting $417.45. The company had a trading volume of 810,348 shares, compared to its average volume of 883,874. Domino’s Pizza, Inc. has a 52-week low of $330.05 and a 52-week high of $542.75. The stock 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. The company has a 50 day moving average of $496.84 and a 200 day moving average of $474.55.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.08 earnings per share. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.17 EPS for the current year.

Domino’s Pizza Dividend Announcement

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

Domino’s Pizza Company Profile

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.