Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,623 shares of the restaurant operator’s stock after selling 1,311 shares during the period. New York State Common Retirement Fund owned 0.09% of Domino’s Pizza worth $12,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DPZ. FMR LLC lifted its position in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Domino’s Pizza by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock valued at $708,498,000 after buying an additional 21,705 shares in the last quarter. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza during the 3rd quarter worth $549,399,000. Champlain Investment Partners LLC acquired a new position in shares of Domino’s Pizza during the 3rd quarter valued at about $99,352,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $455.64 on Tuesday. The business has a 50-day simple moving average of $441.12 and a 200-day simple moving average of $435.12. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The company has a market cap of $15.73 billion, a PE ratio of 27.99, a P/E/G ratio of 2.47 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DPZ. Loop Capital raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. TD Cowen reaffirmed a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday. Oppenheimer increased their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Morgan Stanley reduced their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Finally, Citigroup upped their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average 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.