New York State Common Retirement Fund Trims Position in Domino's Pizza Inc (NASDAQ:DPZ)

New York State Common Retirement Fund lowered its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 25.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,023 shares of the restaurant operator's stock after selling 7,600 shares during the period. New York State Common Retirement Fund owned about 0.06% of Domino's Pizza worth $10,118,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in Domino's Pizza during the 1st quarter valued at about $25,000. Wood Tarver Financial Group LLC bought a new stake in Domino's Pizza during the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. increased its stake in Domino's Pizza by 1,016.7% during 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 increased its stake in Domino's Pizza by 158.1% during 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 increased its stake in Domino's Pizza by 40.0% during 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. Institutional investors own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DPZ shares. Guggenheim reissued a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Citigroup raised their price target on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Loop Capital raised their price target on Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Stephens restated an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company raised their price target on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus target price of $487.84.

Domino's Pizza Stock Performance

Domino's Pizza stock traded down $2.75 during midday trading on Friday, hitting $465.95. 1,159,367 shares of the company's stock were exchanged, compared to its average volume of 628,550. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The firm has a 50-day moving average of $466.13 and a two-hundred day moving average of $460.25. The company has a market cap of $15.95 billion, a PE ratio of 26.72, a P/E/G ratio of 2.64 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share 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 business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business earned $3.58 EPS. The company's revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Domino's Pizza 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.