California Public Employees Retirement System Sells 11,559 Shares of Domino’s Pizza Inc $DPZ

California Public Employees Retirement System lessened its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 13.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,599 shares of the restaurant operator’s stock after selling 11,559 shares during the period. California Public Employees Retirement System’s holdings in Domino’s Pizza were worth $26,765,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in Domino’s Pizza by 21,977.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after acquiring an additional 910,529 shares during the last quarter. Norges Bank bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $285,116,000. Berkshire Hathaway Inc grew its holdings in shares of Domino’s Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock worth $1,396,347,000 after purchasing an additional 368,055 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Domino’s Pizza by 2,845.4% during the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after purchasing an additional 255,060 shares in the last quarter. Finally, Woodline Partners LP increased its position in shares of Domino’s Pizza by 8,229.8% in the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after purchasing an additional 239,405 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 2.0%

DPZ stock opened at $319.83 on Thursday. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 1.61 and a beta of 0.97. The firm’s 50-day moving average price is $309.79 and its two-hundred day moving average price is $356.34. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $486.68.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the firm earned $3.81 earnings per share. Domino’s Pizza’s revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Domino’s Pizza Inc will post 18.86 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

Insider Activity

In related news, EVP Kelly E. Garcia sold 488 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at $2,928,672.32. This represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 1,950 shares of company stock worth $611,451 over the last 90 days. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DPZ. Citigroup dropped their target price on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Mizuho lowered their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Royal Bank Of Canada raised their price objective on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, June 23rd. Finally, Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $402.16.

Trending Headlines about Domino’s Pizza

Here are the key news stories impacting Domino’s Pizza this week:

• Positive Sentiment: Domino’s reported quarterly revenue of about $1.19 billion, topping estimates and signaling that sales momentum is holding up better than expected. Domino’s Pizza shares rise as quarterly revenue tops estimates
• Positive Sentiment: Analysts responded with multiple price-target updates that still imply meaningful upside, including BMO, Oppenheimer, Wells Fargo and BTIG, which supports the stock after earnings. These Analysts Revise Their Forecasts On Domino’s After Q2 Results
• Positive Sentiment: Some commentary highlighted strong free cash flow and attractive valuation, suggesting investors may view DPZ as inexpensive relative to its earnings power. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap?
• Neutral Sentiment: Domino’s launched S’mores Lava Cakes nationwide, a marketing/menu move that could help traffic but is not a major near-term earnings catalyst. Domino’s Pizza (DPZ) Launches S’mores Lava Cakes Nationwide Across The U.S.
• Negative Sentiment: Adjusted EPS missed consensus, and several reports said the outlook remains murky due to weaker ticket trends, promotion pressure and higher costs. Domino’s revenue beats estimates as supply-chain business offsets weak demand
• Negative Sentiment: CEO Russell Weiner sold 10,850 shares for about $3.6 million, which may raise some investor caution about insider sentiment. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried?

Domino’s Pizza Company Profile

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.