State of Alaska Department of Revenue Raises Stake in Domino's Pizza, Inc. (NYSE:DPZ)

Defense World · Sep 25, 2022 18:11

State of Alaska Department of Revenue raised its position in shares of Domino's Pizza, Inc. (NYSE:DPZ – Get Rating) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 5,181 shares of the restaurant operator's stock after purchasing an additional 60 shares during the period. State of Alaska Department of Revenue's holdings in Domino's Pizza were worth $2,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vigilant Capital Management LLC bought a new stake in shares of Domino's Pizza during the first quarter valued at approximately $47,000. Valley National Advisers Inc. bought a new stake in shares of Domino's Pizza during the first quarter valued at approximately $51,000. Bank of New Hampshire bought a new stake in shares of Domino's Pizza during the first quarter valued at approximately $65,000. Prospera Financial Services Inc bought a new stake in shares of Domino's Pizza during the first quarter valued at approximately $72,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Domino's Pizza during the first quarter valued at approximately $83,000. Institutional investors own 96.44% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently issued reports on DPZ. Stifel Nicolaus lifted their price objective on shares of Domino's Pizza from $345.00 to $400.00 in a research report on Monday, July 18th. BMO Capital Markets upgraded shares of Domino's Pizza from a "market perform" rating to an "outperform" rating and set a $430.00 price target on the stock in a research report on Friday. Bank of America reduced their price target on shares of Domino's Pizza from $512.00 to $490.00 and set a "buy" rating on the stock in a research report on Friday, July 22nd. Guggenheim boosted their price target on shares of Domino's Pizza to $400.00 in a research report on Friday, July 22nd. Finally, Cowen boosted their price target on shares of Domino's Pizza from $365.00 to $410.00 and gave the stock a "market perform" rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $431.36.

Insider Buying and Selling

In related news, Director Andrew Balson sold 4,000 shares of the company's stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $387.24, for a total value of $1,548,960.00. Following the completion of the sale, the director now directly owns 6,870 shares of the company's stock, valued at $2,660,338.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Domino's Pizza news, EVP Cynthia A. Headen sold 103 shares of the stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $409.26, for a total transaction of $42,153.78. Following the completion of the sale, the executive vice president now directly owns 3,090 shares of the company's stock, valued at $1,264,613.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 4,000 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the sale, the director now directly owns 6,870 shares of the company's stock, valued at $2,660,338.80. The disclosure for this sale can be found here. Insiders sold a total of 4,190 shares of company stock valued at $1,625,744 over the last three months. 1.12% of the stock is owned by company insiders.

Domino's Pizza Trading Up 3.1 %

Shares of DPZ opened at $330.00 on Friday. The firm has a market capitalization of $11.84 billion, a P/E ratio of 25.76, a P/E/G ratio of 2.30 and a beta of 0.61. Domino's Pizza, Inc. has a 12-month low of $319.62 and a 12-month high of $567.57. The firm has a fifty day moving average price of $381.44 and a 200-day moving average price of $380.06.

Domino's Pizza (NYSE:DPZ – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The restaurant operator reported $2.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.88 by ($0.06). Domino's Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period last year, the company earned $3.12 earnings per share. The firm's revenue was up 3.2% compared to the same quarter last year. Analysts predict that Domino's Pizza, Inc. will post 12.6 earnings per share for the current year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, September 14th. Domino's Pizza's dividend payout ratio (DPR) is presently 34.35%.

About Domino's Pizza

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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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