State of New Jersey Common Pension Fund D Has $5.26 Million Stock Position in Domino's Pizza Inc $DPZ

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Domino's Pizza by 9.0%, bringing its total holdings to $5.26 million as of the latest SEC filing.
• Institutional investors collectively own 94.63% of Domino's stock, indicating strong institutional support and interest in the company.
• Domino's Pizza reported a quarterly earnings miss, with EPS of $3.81 compared to analysts' expectations of $3.93, although revenue grew by 4.3% year-over-year.

State of New Jersey Common Pension Fund D lowered its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,451 shares of the restaurant operator's stock after selling 1,135 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Domino's Pizza were worth $5,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Berkshire Hathaway Inc raised its holdings in shares of Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after acquiring an additional 1,104,744 shares during the period. Principal Financial Group Inc. grew its position in Domino's Pizza by 3.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock worth $799,897,000 after purchasing an additional 53,124 shares in the last quarter. Invesco Ltd. grew its position in Domino's Pizza by 32.9% during the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock worth $371,997,000 after purchasing an additional 200,622 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Domino's Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock valued at $172,298,000 after purchasing an additional 5,762 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Domino's Pizza by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator's stock valued at $184,888,000 after purchasing an additional 33,105 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of research analyst reports. Melius started coverage on Domino's Pizza in a report on Monday, July 14th. They set a "hold" rating and a $500.00 price target on the stock. TD Securities restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. Loop Capital lifted their target price on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their target price on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Finally, Citigroup raised their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $489.67.

Domino's Pizza Stock Performance

Domino's Pizza stock opened at $444.85 on Tuesday. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55. The firm has a market capitalization of $15.10 billion, a PE ratio of 25.83, a PEG ratio of 2.47 and a beta of 1.09. The business's 50-day simple moving average is $458.15 and its 200-day simple moving average is $465.50.

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

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino's Pizza's payout ratio is presently 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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