Public Employees Retirement Association of Colorado reduced its stake in Domino’s Pizza Inc (NYSE:DPZ) by 0.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,943 shares of the restaurant operator’s stock after selling 74 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Domino’s Pizza were worth $2,315,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its stake in Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock valued at $162,000 after buying an additional 4 shares in the last quarter. M Holdings Securities Inc. boosted its stake in Domino’s Pizza by 0.6% in the first quarter. M Holdings Securities Inc. now owns 3,263 shares of the restaurant operator’s stock valued at $601,000 after buying an additional 19 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Domino’s Pizza by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 11,947 shares of the restaurant operator’s stock valued at $2,528,000 after buying an additional 30 shares in the last quarter. Tyers Asset Management LLC boosted its stake in Domino’s Pizza by 2.7% in the first quarter. Tyers Asset Management LLC now owns 1,840 shares of the restaurant operator’s stock valued at $339,000 after buying an additional 48 shares in the last quarter. Finally, Elkfork Partners LLC boosted its stake in Domino’s Pizza by 2.7% in the first quarter. Elkfork Partners LLC now owns 2,530 shares of the restaurant operator’s stock valued at $466,000 after buying an additional 66 shares in the last quarter. 98.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Domino’s Pizza Inc (DPZ) opened at 193.83 on Thursday. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 38.52 and a beta of 0.35. Domino’s Pizza Inc has a 1-year low of $143.47 and a 1-year high of $221.58. The stock’s 50 day moving average is $204.95 and its 200-day moving average is $193.17.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.09. Domino’s Pizza had a negative return on equity of 13.28% and a net margin of 9.40%. The company had revenue of $628.61 million during the quarter, compared to analyst estimates of $609.87 million. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, analysts anticipate that Domino’s Pizza Inc will post $5.70 EPS for the current year.

Domino’s Pizza declared that its Board of Directors has approved a share repurchase program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.46 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.65%.

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Several equities research analysts recently issued reports on the stock. Guggenheim assumed coverage on shares of Domino’s Pizza in a research report on Friday, April 21st. They issued a “buy” rating and a $192.00 target price on the stock. BidaskClub lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Stephens upgraded shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $210.00 to $185.00 in a report on Wednesday, July 26th. Finally, Instinet restated a “neutral” rating and issued a $196.00 price target (up previously from $174.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Twelve investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Domino’s Pizza presently has an average rating of “Hold” and an average price target of $196.56.

About Domino’s Pizza

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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