Illinois Municipal Retirement Fund Grows Position in Domino's Pizza Inc (NASDAQ:DPZ)

Illinois Municipal Retirement Fund grew its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,025 shares of the restaurant operator's stock after acquiring an additional 5,410 shares during the quarter. Illinois Municipal Retirement Fund owned 0.07% of Domino's Pizza worth $11,498,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sherman Asset Management Inc. acquired a new position in shares of Domino's Pizza in the fourth quarter valued at approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza in the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management acquired a new position in shares of Domino's Pizza in the first quarter valued at approximately $25,000. Brown Brothers Harriman & Co. increased its stake in shares of Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares during the period. Finally, Covestor Ltd increased its stake in shares of Domino's Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Barclays reduced their target price on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Morgan Stanley upped their target price on Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Finally, Wells Fargo & Company upped their target price on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $487.17.

Insider Transactions at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.83% of the company's stock.

Domino's Pizza Stock Down 1.8%

DPZ stock traded down $8.33 during midday trading on Friday, reaching $446.39. 963,247 shares of the company's stock traded hands, compared to its average volume of 640,850. The firm's fifty day moving average price is $472.61 and its 200-day moving average price is $457.65. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $516.37. The company has a market cap of $15.28 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 2.54 and a beta of 1.11.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the company earned $3.58 earnings per share. The business's revenue was up 2.5% on a year-over-year basis. Analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

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.