Louisiana State Employees Retirement System Makes New Investment in Domino's Pizza, Inc. (NYSE:DPZ)

Louisiana State Employees Retirement System bought a new stake in shares of Domino's Pizza, Inc. (NYSE:DPZ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,100 shares of the restaurant operator's stock, valued at approximately $866,000.

Other hedge funds have also modified their holdings of the company. Tritonpoint Wealth LLC purchased a new stake in shares of Domino's Pizza during the fourth quarter valued at $1,980,000. Nisa Investment Advisors LLC lifted its holdings in shares of Domino's Pizza by 353.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator's stock valued at $1,686,000 after purchasing an additional 3,189 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Domino's Pizza by 39,287.9% during the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator's stock valued at $205,883,000 after purchasing an additional 498,170 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Domino's Pizza by 41.2% during the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator's stock valued at $42,609,000 after purchasing an additional 32,797 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of Domino's Pizza during the fourth quarter valued at $269,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on DPZ. Morgan Stanley upped their target price on Domino's Pizza from $485.00 to $515.00 and gave the company an "overweight" rating in a report on Friday, April 12th. UBS Group increased their price objective on Domino's Pizza from $526.00 to $570.00 and gave the stock a "buy" rating in a research note on Tuesday, April 16th. TD Cowen reissued a "buy" rating and issued a $550.00 price objective on shares of Domino's Pizza in a research note on Wednesday, April 10th. Argus raised Domino's Pizza from a "hold" rating to a "buy" rating and set a $530.00 price objective for the company in a research note on Tuesday, February 27th. Finally, Wedbush reissued an "outperform" rating and issued a $520.00 price objective on shares of Domino's Pizza in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $460.90.

Insider Activity at Domino's Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company's stock, valued at approximately $1,935,762.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company's stock, valued at $1,852,586.56. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded up $4.30 during midday trading on Friday, hitting $499.07. 955,448 shares of the company were exchanged, compared to its average volume of 570,463. The firm has a market cap of $17.38 billion, a P/E ratio of 34.02, a PEG ratio of 2.55 and a beta of 0.86. Domino's Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $508.44. The firm has a 50 day simple moving average of $467.11 and a 200-day simple moving average of $418.58.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, topping the consensus estimate of $4.38 by $0.10. Domino's Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company earned $4.43 EPS. Domino's Pizza's revenue was up .8% on a year-over-year basis. Equities research analysts expect that Domino's Pizza, Inc. will post 15.72 earnings per share for the current year.

Domino's Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.21%. This is a boost from Domino's Pizza's previous quarterly dividend of $1.21. The ex-dividend date was Thursday, March 14th. Domino's Pizza's dividend payout ratio (DPR) is currently 41.17%.

About Domino's Pizza

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.