Municipal Employees Retirement System of Michigan decreased its holdings in shares of Domino’s Pizza Inc (NYSE:DPZ) by 21.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,590 shares of the restaurant operator’s stock after selling 3,970 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Domino’s Pizza were worth $2,897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DPZ. Commonwealth Bank of Australia boosted its stake in shares of Domino’s Pizza by 25.0% during the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after buying an additional 100 shares during the period. Toronto Dominion Bank lifted its position in Domino’s Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 64 shares during the period. Acrospire Investment Management LLC acquired a new stake in Domino’s Pizza in the second quarter valued at about $127,000. Whittier Trust Co. of Nevada Inc. lifted its position in Domino’s Pizza by 115.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 368 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in Domino’s Pizza in the second quarter valued at about $160,000. Institutional investors and hedge funds own 94.20% of the company’s stock.

In other news, insider Russell J. Weiner sold 7,276 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the completion of the transaction, the insider now directly owns 17,563 shares of the company’s stock, valued at approximately $3,424,785. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.57% of the company’s stock.

Shares of Domino’s Pizza Inc (DPZ) traded up $0.12 during trading on Monday, reaching $173.33. 1,165,600 shares of the company’s stock were exchanged, compared to its average volume of 934,433. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49. Domino’s Pizza Inc has a 12 month low of $153.58 and a 12 month high of $221.58. The stock has a market capitalization of $7,580.00, a PE ratio of 32.52, a PEG ratio of 1.79 and a beta of 0.37.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The business had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $627.85 million. During the same period last year, the company posted $0.96 EPS. The company’s revenue was up 13.6% on a year-over-year basis. research analysts predict that Domino’s Pizza Inc will post 5.78 earnings per share for the current fiscal year.

Domino’s Pizza declared that its Board of Directors has authorized a share buyback program on Wednesday, August 2nd that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the restaurant operator to purchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.06%. Domino’s Pizza’s dividend payout ratio (DPR) is 35.05%.

A number of equities research analysts recently commented on DPZ shares. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Monday, August 28th. Credit Suisse Group raised their price objective on shares of Domino’s Pizza from $200.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Guggenheim restated a “buy” rating and issued a $230.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 13th. Instinet restated a “neutral” rating and issued a $198.00 price objective (up previously from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Finally, Longbow Research upgraded shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price objective for the company in a research report on Friday, July 28th. Eleven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $208.90.

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Domino’s Pizza Profile

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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