Teachers Retirement System of The State of Kentucky decreased its holdings in Domino’s Pizza (NYSE:DPZ) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,020 shares of the restaurant operator’s stock after selling 1,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Domino’s Pizza were worth $1,893,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. First Mercantile Trust Co. bought a new position in shares of Domino’s Pizza in the 4th quarter valued at about $145,000. FNY Partners Fund LP bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $158,000. Acadian Asset Management LLC lifted its holdings in shares of Domino’s Pizza by 3,482.1% in the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after acquiring an additional 975 shares during the last quarter. Synovus Financial Corp bought a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $206,000. Finally, Advisor Partners LLC bought a new position in shares of Domino’s Pizza in the 4th quarter valued at about $231,000. 94.20% of the stock is owned by hedge funds and other institutional investors.
Shares of Domino’s Pizza stock opened at $229.79 on Monday. The company has a debt-to-equity ratio of -1.14, a current ratio of 1.46 and a quick ratio of 1.36. The stock has a market cap of $9,885.16, a PE ratio of 39.28, a price-to-earnings-growth ratio of 1.91 and a beta of 0.43. Domino’s Pizza has a 12 month low of $166.74 and a 12 month high of $236.00.
Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Domino’s Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. The firm had revenue of $891.50 million during the quarter, compared to the consensus estimate of $904.79 million. During the same quarter in the previous year, the firm posted $1.48 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. equities analysts forecast that Domino’s Pizza will post 7.93 EPS for the current year.
Domino’s Pizza announced that its board has authorized a stock buyback plan on Tuesday, February 20th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $0.46. Domino’s Pizza’s payout ratio is currently 37.61%.
A number of research analysts recently commented on the stock. Citigroup increased their price target on shares of Domino’s Pizza from $217.00 to $232.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Bank of America set a $245.00 price target on shares of Domino’s Pizza and gave the company a “buy” rating in a report on Wednesday, February 21st. Zacks Investment Research downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 price target (up previously from $200.00) on shares of Domino’s Pizza in a report on Wednesday, February 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $245.00 price target (up previously from $235.00) on shares of Domino’s Pizza in a report on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $232.00.
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Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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