Teacher Retirement System of Texas reduced its position in Domino’s Pizza Inc (NYSE:DPZ) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 18,678 shares of the restaurant operator’s stock after selling 1,118 shares during the period. Teacher Retirement System of Texas’ holdings in Domino’s Pizza were worth $3,951,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Teachers Advisors LLC raised its stake in shares of Domino’s Pizza by 22.0% in the fourth quarter. Teachers Advisors LLC now owns 53,194 shares of the restaurant operator’s stock worth $8,471,000 after buying an additional 9,600 shares during the period. Creative Planning raised its stake in shares of Domino’s Pizza by 18.6% in the first quarter. Creative Planning now owns 1,149 shares of the restaurant operator’s stock worth $212,000 after buying an additional 180 shares during the period. Gulf International Bank UK Ltd raised its stake in shares of Domino’s Pizza by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 14,390 shares of the restaurant operator’s stock worth $2,652,000 after buying an additional 140 shares during the period. Bank of Montreal Can raised its stake in shares of Domino’s Pizza by 77.4% in the first quarter. Bank of Montreal Can now owns 62,047 shares of the restaurant operator’s stock worth $11,435,000 after buying an additional 27,064 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of Domino’s Pizza by 3.3% in the first quarter. Capstone Asset Management Co. now owns 6,146 shares of the restaurant operator’s stock worth $1,133,000 after buying an additional 197 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Inc (NYSE:DPZ) opened at 188.26 on Friday. The stock has a market capitalization of $9.08 billion, a PE ratio of 37.41 and a beta of 0.35. The company’s 50-day moving average is $200.56 and its 200-day moving average is $193.88. Domino’s Pizza Inc has a 12 month low of $145.00 and a 12 month high of $221.58.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million for the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Equities research analysts forecast that Domino’s Pizza Inc will post $5.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, September 14th. Domino’s Pizza’s payout ratio is presently 36.65%.

Domino’s Pizza declared that its board has approved a share buyback program on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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DPZ has been the topic of a number of recent analyst reports. Guggenheim initiated coverage on shares of Domino’s Pizza in a report on Friday, April 21st. They issued a “buy” rating and a $192.00 price target on the stock. OTR Global reissued a “positive” rating on shares of Domino’s Pizza in a report on Saturday, April 22nd. Stephens reissued an “equal weight” rating and issued a $185.00 price target on shares of Domino’s Pizza in a report on Friday, April 28th. Instinet reissued a “neutral” rating and issued a $196.00 price target (up previously from $174.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $185.00 price target (up previously from $180.00) on shares of Domino’s Pizza in a report on Saturday, April 29th. Eleven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Domino’s Pizza presently has a consensus rating of “Hold” and a consensus target price of $195.38.

Domino’s Pizza Company 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.

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

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