Illinois Municipal Retirement Fund Buys 16,914 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Illinois Municipal Retirement Fund boosted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 528.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,116 shares of the restaurant operator’s stock after purchasing an additional 16,914 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Domino’s Pizza were worth $10,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of Domino’s Pizza by 0.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock worth $2,064,000 after acquiring an additional 39 shares during the last quarter. Bayesian Capital Management LP increased its holdings in Domino’s Pizza by 701.3% during the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock valued at $2,385,000 after purchasing an additional 4,201 shares during the period. Bessemer Group Inc. raised its holdings in shares of Domino’s Pizza by 34.9% during the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after acquiring an additional 1,280 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Domino’s Pizza by 866.4% in the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after buying an additional 44,688 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DPZ shares. Stephens dropped their target price on shares of Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Robert W. Baird upgraded Domino’s Pizza from a “neutral” rating to an “outperform” rating and increased their target price for the company from $530.00 to $580.00 in a research note on Monday, July 8th. Royal Bank of Canada reduced their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Oppenheimer cut their price objective on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a report on Friday. Finally, Baird R W upgraded Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.18.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $408.49 on Friday. Domino’s Pizza, Inc. has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The company’s fifty day moving average is $440.95 and its 200 day moving average is $474.77. The stock has a market capitalization of $14.25 billion, a PE ratio of 26.66, a P/E/G ratio of 2.17 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.08 EPS. As a group, research analysts forecast that Domino’s Pizza, Inc. will post 16.23 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Domino’s Pizza 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.