Oregon Public Employees Retirement Fund Trims Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Oregon Public Employees Retirement Fund reduced its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,964 shares of the restaurant operator’s stock after selling 30 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Domino’s Pizza were worth $1,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Los Angeles Capital Management LLC boosted its stake in shares of Domino’s Pizza by 562.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 59,037 shares of the restaurant operator’s stock valued at $24,781,000 after buying an additional 50,131 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Domino’s Pizza by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock valued at $112,095,000 after acquiring an additional 8,753 shares in the last quarter. IFP Advisors Inc raised its position in shares of Domino’s Pizza by 50.5% during the 4th quarter. IFP Advisors Inc now owns 5,546 shares of the restaurant operator’s stock valued at $2,331,000 after acquiring an additional 1,861 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $552,000. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $334,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 1.5 %

Shares of DPZ stock opened at $489.71 on Friday. The stock has a 50-day simple moving average of $444.92 and a 200 day simple moving average of $436.26. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market capitalization of $16.80 billion, a P/E ratio of 30.08, a P/E/G ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business earned $4.48 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.74 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.42%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Oppenheimer upped their price target on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Stephens upped their price target on Domino’s Pizza from $420.00 to $440.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Barclays upped their price target on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets upped their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, TD Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

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.