Kentucky Retirement Systems Insurance Trust Fund Acquires New Position in Domino's Pizza Inc (NASDAQ:DPZ)

Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,011 shares of the restaurant operator's stock, valued at approximately $465,000.

A number of other institutional investors also recently made changes to their positions in DPZ. Sherman Asset Management Inc. purchased a new stake in shares of Domino's Pizza in the 4th quarter valued at $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino's Pizza in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. boosted its stake in shares of Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd boosted its stake in shares of Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Insider Transactions at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of research reports. Bank of America upped their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Morgan Stanley upped their price target on shares of Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Stephens reiterated an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. Hsbc Global Res upgraded shares of Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Robert W. Baird upped their price target on shares of Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $487.17.

Domino's Pizza Stock Down 1.8%

Shares of NASDAQ:DPZ traded down $8.33 during midday trading on Friday, reaching $446.39. The company's stock had a trading volume of 963,247 shares, compared to its average volume of 640,850. The firm has a 50 day moving average of $472.61 and a 200-day moving average of $457.60. The firm has a market capitalization of $15.28 billion, a P/E ratio of 25.60, a PEG ratio of 2.54 and a beta of 1.11. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $516.37.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.58 EPS. On average, research analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is presently 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.