Public Employees Retirement System of Ohio Increases Stake in Domino's Pizza Inc $DPZ

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Domino's Pizza Inc by 108.2% in the 2nd quarter, now owning roughly 0.07% of the company valued at approximately $10 million.
• Several large investors, including Alpine Bank Wealth Management and LRI Investments LLC, have also established new stakes in Domino's Pizza, indicating significant interest from institutional investors.
• Despite missing earnings estimates in the last quarter, analysts maintain a consensus rating of "Moderate Buy" for Domino's Pizza, with various price targets ranging from $490.78 to $574.00.

Public Employees Retirement System of Ohio increased its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 108.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,291 shares of the restaurant operator's stock after buying an additional 11,584 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Domino's Pizza worth $10,044,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DPZ. Alpine Bank Wealth Management purchased a new stake in Domino's Pizza during the 1st quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $27,000. SVB Wealth LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $36,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Domino's Pizza in the 1st quarter valued at approximately $65,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Loop Capital increased their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. Melius assumed coverage on shares of Domino's Pizza in a research report on Monday, July 14th. They issued a "hold" rating and a $500.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Domino's Pizza from $510.00 to $514.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, UBS Group reissued a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $490.78.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ opened at $435.75 on Friday. The stock has a market cap of $14.79 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.39 and a beta of 1.09. The firm has a fifty day moving average price of $452.82 and a 200 day moving average price of $461.24. Domino's Pizza Inc has a 1-year low of $397.12 and a 1-year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.03 EPS. Sell-side analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. Domino's Pizza's dividend payout ratio is currently 40.42%.

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.

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