State of Alaska Department of Revenue Purchases 1,050 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

State of Alaska Department of Revenue increased its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 21.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,888 shares of the restaurant operator’s stock after purchasing an additional 1,050 shares during the quarter. State of Alaska Department of Revenue’s holdings in Domino’s Pizza were worth $1,637,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Cornerstone Advisors Inc. raised its stake in Domino’s Pizza by 36.2% during the second quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 55 shares in the last quarter. Global Retirement Partners LLC raised its stake in Domino’s Pizza by 12.3% during the first quarter. Global Retirement Partners LLC now owns 546 shares of the restaurant operator’s stock worth $141,000 after acquiring an additional 60 shares in the last quarter. NEXT Financial Group Inc raised its stake in Domino’s Pizza by 85.7% during the second quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 60 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Domino’s Pizza by 2.6% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,409 shares of the restaurant operator’s stock worth $621,000 after acquiring an additional 61 shares in the last quarter. Finally, CSat Investment Advisory L.P. raised its stake in Domino’s Pizza by 9.6% during the first quarter. CSat Investment Advisory L.P. now owns 899 shares of the restaurant operator’s stock worth $232,000 after acquiring an additional 79 shares in the last quarter. 96.82% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:DPZ traded down $3.07 during midday trading on Monday, reaching $241.68. The company’s stock had a trading volume of 15,508 shares, compared to its average volume of 1,303,739. Domino’s Pizza, Inc. has a fifty-two week low of $231.28 and a fifty-two week high of $305.34. The company has a market capitalization of $10.09 billion, a P/E ratio of 28.38, a P/E/G ratio of 1.76 and a beta of 0.46. The stock’s fifty day simple moving average is $269.80.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.19. The company had revenue of $811.65 million during the quarter, compared to analyst estimates of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. On average, equities research analysts anticipate that Domino’s Pizza, Inc. will post 9.43 EPS for the current year.

DPZ has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on Domino’s Pizza from $305.00 to $287.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Zacks Investment Research lowered Domino’s Pizza from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. Citigroup raised their target price on Domino’s Pizza from $282.00 to $298.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Oppenheimer lowered their target price on Domino’s Pizza from $310.00 to $295.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, TheStreet upgraded Domino’s Pizza from a “c+” rating to a “b-” rating in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Domino’s Pizza currently has an average rating of “Buy” and a consensus price target of $294.11.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of Domino’s Pizza stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $279.19, for a total value of $2,791,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.62% of the stock is owned by company insiders.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in 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.

See Also: What are popular range trading strategies?

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza, Inc. (NYSE:DPZ).

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

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.