VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Domino's Pizza Inc $DPZ

Key Points

• Virginia Retirement Systems bought 53,660 Domino’s Pizza shares worth approximately $15.9 million, representing a 0.16% stake. Institutional investors collectively own 94.63% of the company.
• Domino’s reported quarterly revenue of $1.19 billion, up 4.3% year over year, but EPS of $4.07 fell short of the $4.17 consensus estimate.
• The company declared a quarterly dividend of $1.99 per share, equivalent to a 2.3% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $397.74.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 53,660 shares of the restaurant operator's stock, valued at approximately $15,886,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.16% of Domino's Pizza at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DPZ. California State Teachers Retirement System grew its position in Domino's Pizza by 34,175.6% during the 2nd quarter. California State Teachers Retirement System now owns 14,904,726 shares of the restaurant operator's stock worth $4,412,395,000 after purchasing an additional 14,861,241 shares during the last quarter. VELA Investment Management LLC increased its stake in Domino's Pizza by 9.9% in the second quarter. VELA Investment Management LLC now owns 1,450 shares of the restaurant operator's stock valued at $429,000 after purchasing an additional 131 shares during the period. HB Wealth Management LLC raised its holdings in shares of Domino's Pizza by 55.7% in the second quarter. HB Wealth Management LLC now owns 2,791 shares of the restaurant operator's stock valued at $827,000 after buying an additional 999 shares during the last quarter. Saudi Central Bank raised its holdings in shares of Domino's Pizza by 1.0% in the second quarter. Saudi Central Bank now owns 91,838 shares of the restaurant operator's stock valued at $29,533,000 after buying an additional 933 shares during the last quarter. Finally, AlphaGrep UK Ltd purchased a new stake in shares of Domino's Pizza in the second quarter valued at about $303,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock opened at $341.08 on Tuesday. Domino's Pizza Inc has a 52-week low of $282.00 and a 52-week high of $467.22. The company's 50-day simple moving average is $334.90 and its 200-day simple moving average is $343.75. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion for the quarter. Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $3.81 earnings per share. Equities research analysts anticipate that Domino's Pizza Inc will post 18.89 EPS for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino's Pizza's dividend payout ratio is 45.15%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 10,850 shares of the company's stock in a transaction on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares of the company's stock, valued at $14,499,948.07. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company's stock, valued at $3,011,718.08. The trade was a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 24,254 shares of company stock valued at $7,888,924. Company insiders own 0.89% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DPZ shares. Oppenheimer lowered their price target on Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating on the stock in a report on Tuesday, July 21st. TD Cowen upped their price objective on Domino's Pizza from $295.00 to $310.00 and gave the company a "hold" rating in a research note on Monday, July 20th. Morgan Stanley decreased their price objective on Domino's Pizza from $395.00 to $370.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 15th. KeyCorp reiterated a "sector weight" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. dropped their target price on Domino's Pizza from $430.00 to $380.00 and set an "overweight" rating on the stock in a report on Tuesday, June 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $397.74.

Domino's Pizza Company Profile

Domino’s Pizza, Inc NASDAQ: DPZ is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.