New York State Common Retirement Fund Decreases Position in Domino’s Pizza, Inc. (NASDAQ:DPZ)

New York State Common Retirement Fund lowered its stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 29,623 shares of the restaurant operator’s stock after selling 1,311 shares during the period. New York State Common Retirement Fund’s holdings in Domino’s Pizza were worth $12,435,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Buckingham Capital Management Inc. boosted its position in shares of Domino’s Pizza by 54.2% in the 4th quarter. Buckingham Capital Management Inc. now owns 9,954 shares of the restaurant operator’s stock valued at $4,178,000 after purchasing an additional 3,498 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Domino’s Pizza by 9.2% in the 4th quarter. D.A. Davidson & CO. now owns 4,928 shares of the restaurant operator’s stock valued at $2,069,000 after acquiring an additional 415 shares during the period. CIBC Asset Management Inc raised its position in Domino’s Pizza by 3.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,271 shares of the restaurant operator’s stock valued at $2,213,000 after purchasing an additional 178 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares during the period. Finally, Allworth Financial LP grew its position in Domino’s Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 1.5 %

Shares of NASDAQ DPZ opened at $455.64 on Tuesday. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 2.47 and a beta of 0.90. The company’s 50-day moving average price is $441.12 and its 200 day moving average price is $435.12. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.48 earnings per share. As a group, research analysts expect that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DPZ. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and upped their target price for the company from $419.00 to $559.00 in a report on Friday, November 8th. Stephens reaffirmed an “equal weight” rating and set a $420.00 price objective on shares of Domino’s Pizza in a research note on Monday. TD Cowen reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday. Citigroup upped their price target on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, TD Securities reaffirmed a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $501.41.

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.