Retirement Systems of Alabama Cuts Stake in Domino’s Pizza Inc (DPZ)

Retirement Systems of Alabama cut its position in Domino’s Pizza Inc (NYSE:DPZ) by 44.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,997 shares of the restaurant operator’s stock after selling 49,276 shares during the period. Retirement Systems of Alabama’s holdings in Domino’s Pizza were worth $13,114,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its position in Domino’s Pizza by 19.5% in the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock worth $105,000 after buying an additional 93 shares during the period. TrimTabs Asset Management LLC increased its position in Domino’s Pizza by 88.4% in the first quarter. TrimTabs Asset Management LLC now owns 682 shares of the restaurant operator’s stock worth $126,000 after buying an additional 320 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Domino’s Pizza by 115.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after buying an additional 368 shares during the period. Meeder Asset Management Inc. purchased a new position in Domino’s Pizza during the second quarter worth about $160,000. Finally, MCF Advisors LLC increased its position in Domino’s Pizza by 0.5% in the first quarter. MCF Advisors LLC now owns 879 shares of the restaurant operator’s stock worth $162,000 after buying an additional 4 shares during the period. Hedge funds and other institutional investors own 98.55% of the company’s stock.

Domino’s Pizza Inc (NYSE:DPZ) opened at 193.83 on Thursday. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 38.52 and a beta of 0.35. Domino’s Pizza Inc has a 12 month low of $143.47 and a 12 month high of $221.58. The firm’s 50 day moving average price is $204.95 and its 200 day moving average price is $193.17.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The company had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. During the same quarter in the prior year, the firm earned $0.98 EPS. Domino’s Pizza’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts predict that Domino’s Pizza Inc will post $5.70 EPS for the current fiscal year.

Domino’s Pizza announced that its board has authorized a stock repurchase plan on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is 36.65%.

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A number of brokerages recently commented on DPZ. BidaskClub cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $215.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 25th. BTIG Research reaffirmed a “buy” rating and issued a $233.00 target price (up from $213.00) on shares of Domino’s Pizza in a report on Thursday, June 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $185.00 target price (up from $180.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Finally, Zacks Investment Research cut Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of “Hold” and an average price target of $196.56.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

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Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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