North Dakota State Investment Board Makes New $2 Million Investment in Domino’s Pizza Inc $DPZ

North Dakota State Investment Board acquired a new position in Domino’s Pizza Inc (NASDAQ:DPZ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,789 shares of the restaurant operator’s stock, valued at approximately $1,996,000.

Other institutional investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc raised its holdings in Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after purchasing an additional 348,077 shares in the last quarter. Marshfield Associates raised its holdings in Domino’s Pizza by 4.0% in the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after purchasing an additional 28,765 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Domino’s Pizza by 1.8% in the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after purchasing an additional 30,647 shares in the last quarter. Mediolanum International Funds Ltd raised its holdings in Domino’s Pizza by 209.6% in the third quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after purchasing an additional 2,813 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in Domino’s Pizza in the third quarter worth $1,557,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Up 1.9%

NASDAQ DPZ opened at $308.00 on Tuesday. Domino’s Pizza Inc has a 12 month low of $297.48 and a 12 month high of $499.08. The stock has a market cap of $10.24 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.40 and a beta of 1.02. The stock’s fifty day moving average price is $360.05 and its 200-day moving average price is $391.62.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the company posted $4.33 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. As a group, analysts forecast that Domino’s Pizza Inc will post 19.15 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total transaction of $162,167.28. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $3,107,763.12. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.89% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DPZ has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on Domino’s Pizza from $450.00 to $440.00 and set an “overweight” rating for the company in a report on Friday, April 24th. Guggenheim cut their target price on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Northcoast Research cut their target price on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Royal Bank Of Canada cut their target price on Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Finally, Piper Sandler cut their target price on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Hold” and an average price target of $419.74.

About Domino’s Pizza

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.