State of Alaska Department of Revenue Sells 2,030 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

State of Alaska Department of Revenue trimmed its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 16.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,520 shares of the restaurant operator’s stock after selling 2,030 shares during the period. State of Alaska Department of Revenue’s holdings in Domino’s Pizza were worth $5,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Turtle Creek Wealth Advisors LLC purchased a new stake in Domino’s Pizza during the fourth quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its position in Domino’s Pizza by 127.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the last quarter. Alaska Permanent Fund Corp bought a new position in Domino’s Pizza during the first quarter valued at $90,000. Finally, GAMMA Investing LLC bought a new position in Domino’s Pizza during the fourth quarter valued at $78,000. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Domino’s Pizza from $475.00 to $525.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 30th. TD Cowen increased their price objective on shares of Domino’s Pizza from $580.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Robert W. Baird increased their price objective on shares of Domino’s Pizza from $510.00 to $530.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Oppenheimer raised their target price on shares of Domino’s Pizza from $530.00 to $580.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley upped their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $525.66.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $2,073,473. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Domino’s Pizza news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the sale, the executive vice president now owns 3,910 shares in the company, valued at approximately $2,073,473. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Domino’s Pizza Trading Up 0.9 %

DPZ opened at $497.12 on Thursday. The firm has a market cap of $17.34 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 2.43 and a beta of 0.87. Domino’s Pizza, Inc. has a 12 month low of $328.03 and a 12 month high of $542.75. The stock has a fifty day moving average price of $516.32 and a 200-day moving average price of $468.20.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.93 earnings per share. On average, equities research analysts forecast that Domino’s Pizza, Inc. will post 16 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a yield of 1.21%. Domino’s Pizza’s payout ratio is 39.43%.

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.