VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Domino’s Pizza Inc $DPZ

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 53,660 shares of the restaurant operator’s stock, valued at approximately $15,886,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SHP Wealth Management acquired a new position in Domino’s Pizza during the fourth quarter worth $25,000. Rakuten Securities Inc. acquired a new stake in Domino’s Pizza in the second quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the last quarter. Investors Research Corp increased its position in shares of Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 99 shares in the last quarter. Finally, MBM Wealth Consultants LLC purchased a new position in shares of Domino’s Pizza in the first quarter valued at $31,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Insider Activity

In other Domino’s Pizza news, EVP Kelly Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares of the company’s stock, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,254 shares of company stock worth $7,888,924 over the last quarter. 0.89% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $341.08 on Tuesday. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $467.22. The company has a market capitalization of $11.28 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94. The stock has a fifty day moving average of $334.90 and a two-hundred day moving average of $343.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $3.81 EPS. As a group, equities research analysts forecast that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.3%. Domino’s Pizza’s dividend payout ratio is 45.15%.

Analyst Ratings Changes

DPZ has been the topic of several recent research reports. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Wells Fargo & Company raised their target price on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Citigroup cut their target price on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Domino’s Pizza in a report on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $397.74.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.