New York State Teachers Retirement System Boosts Stock Position in Domino’s Pizza Inc $DPZ

New York State Teachers Retirement System grew its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 9.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 31,979 shares of the restaurant operator’s stock after acquiring an additional 2,889 shares during the period. New York State Teachers Retirement System’s holdings in Domino’s Pizza were worth $11,474,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jump Financial LLC purchased a new position in shares of Domino’s Pizza during the second quarter worth approximately $3,183,000. Investment Management Corp of Ontario grew its holdings in shares of Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the last quarter. Sei Investments Co. raised its position in Domino’s Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after purchasing an additional 14,452 shares during the period. Glenview Trust co raised its position in Domino’s Pizza by 36.9% in the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares during the period. Finally, HUB Investment Partners LLC lifted its stake in Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 195 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $311.66 on Monday. The company’s fifty day simple moving average is $314.84 and its two-hundred day simple moving average is $366.70. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $496.00. The firm has a market cap of $10.37 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business posted $4.33 earnings per share. As a group, sell-side analysts expect that Domino’s Pizza Inc will post 18.99 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DPZ shares. Jefferies Financial Group reduced their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Stifel Nicolaus set a $400.00 target price on Domino’s Pizza in a research note on Monday, April 27th. Mizuho dropped their target price on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Northcoast Research reduced their price target on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, HSBC decreased their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $411.35.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $2,915,392.48. This trade represents a 4.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 1,463 shares of company stock valued at $466,807. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.