State of Tennessee Department of Treasury Has $6.49 Million Stock Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

State of Tennessee Department of Treasury boosted its position in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 23.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,454 shares of the restaurant operator's stock after buying an additional 2,910 shares during the quarter. State of Tennessee Department of Treasury's holdings in Domino's Pizza were worth $6,487,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Sherman Asset Management Inc. acquired a new stake in shares of Domino's Pizza in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. grew its holdings in Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares during the last quarter. Covestor Ltd increased its position in Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after buying an additional 49 shares during the period. EverSource Wealth Advisors LLC increased its position in Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Domino's Pizza during the fourth quarter worth approximately $42,000. Institutional investors own 94.63% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DPZ. Guggenheim boosted their target price on shares of Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. Oppenheimer upped their price objective on shares of Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. BMO Capital Markets boosted their price target on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday. Wedbush reaffirmed an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. Finally, Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and an average target price of $501.88.

Domino's Pizza Price Performance

Shares of DPZ stock traded up $0.15 during trading hours on Wednesday, hitting $493.58. 100,630 shares of the company's stock were exchanged, compared to its average volume of 622,814. Domino's Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The stock's 50-day moving average is $463.34 and its 200-day moving average is $449.16.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the firm earned $3.58 earnings per share. Domino's Pizza's revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.41%. Domino's Pizza's payout ratio is currently 39.91%.

Insider Activity

In other Domino's Pizza news, CFO Reddy Sandeep sold 1,077 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the sale, the executive vice president now owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock valued at $3,946,461 over the last 90 days. 0.83% of the stock is owned by company insiders.

Domino's Pizza Company 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.