State Board of Administration of Florida Retirement System Raises Stock Holdings in Domino’s Pizza Inc $DPZ

by · The Cerbat Gem

State Board of Administration of Florida Retirement System raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,337 shares of the restaurant operator’s stock after buying an additional 250 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.10% of Domino’s Pizza worth $15,022,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Domino’s Pizza by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock worth $1,823,590,000 after acquiring an additional 36,288 shares during the last quarter. Invesco Ltd. raised its position in Domino’s Pizza by 32.9% in the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock valued at $371,997,000 after purchasing an additional 200,622 shares during the period. Envestnet Asset Management Inc. lifted its stake in Domino’s Pizza by 27.0% during the second quarter. Envestnet Asset Management Inc. now owns 511,206 shares of the restaurant operator’s stock worth $230,349,000 after purchasing an additional 108,794 shares in the last quarter. Northern Trust Corp boosted its position in shares of Domino’s Pizza by 13.9% during the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator’s stock worth $206,891,000 after buying an additional 54,909 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Domino’s Pizza by 12.8% in the first quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator’s stock valued at $160,847,000 after buying an additional 39,745 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DPZ shares. Royal Bank Of Canada decreased their target price on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Bank of America raised their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Wells Fargo & Company dropped their price objective on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Morgan Stanley increased their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Guggenheim raised their price target on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $490.40.

Read Our Latest Analysis on DPZ

Domino’s Pizza Stock Performance

DPZ stock opened at $423.85 on Tuesday. The company’s 50 day moving average price is $414.16 and its 200 day moving average price is $443.75. The firm has a market capitalization of $14.32 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.15 and a beta of 1.09. Domino’s Pizza Inc has a fifty-two week low of $392.89 and a fifty-two week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $4.19 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. Domino’s Pizza’s payout ratio is 40.68%.

Domino’s Pizza Profile

(Free Report)

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.

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