State of New Jersey Common Pension Fund D Sells 7,183 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

State of New Jersey Common Pension Fund D reduced its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 35.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,964 shares of the restaurant operator’s stock after selling 7,183 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Domino’s Pizza were worth $6,694,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. AdvisorShares Investments LLC increased its stake in Domino’s Pizza by 287.1% during the second quarter. AdvisorShares Investments LLC now owns 1,235 shares of the restaurant operator’s stock worth $624,000 after acquiring an additional 916 shares during the last quarter. Choreo LLC bought a new stake in Domino’s Pizza during the second quarter worth approximately $577,000. Fairbanks Capital Management Inc. increased its stake in Domino’s Pizza by 2.4% during the second quarter. Fairbanks Capital Management Inc. now owns 2,829 shares of the restaurant operator’s stock worth $1,461,000 after acquiring an additional 67 shares during the last quarter. Quest Partners LLC bought a new stake in Domino’s Pizza during the second quarter worth approximately $459,000. Finally, Oak Thistle LLC bought a new stake in Domino’s Pizza during the second quarter worth approximately $584,000. 94.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays cut their target price on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating on the stock in a research note on Friday, July 19th. Robert W. Baird cut their target price on Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank of Canada cut their target price on Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Benchmark cut their target price on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, Oppenheimer cut their target price on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $512.04.

Domino’s Pizza Trading Down 0.8 %

Shares of DPZ opened at $402.52 on Monday. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75. The stock has a fifty day moving average price of $432.29 and a 200-day moving average price of $474.02. The firm has a market cap of $14.04 billion, a PE ratio of 26.27, a P/E/G ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted $3.08 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.50%. Domino’s Pizza’s dividend payout ratio is presently 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.