New York State Teachers Retirement System Acquires 2,906 Shares of Domino’s Pizza Inc $DPZ

New York State Teachers Retirement System boosted its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 9.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,600 shares of the restaurant operator’s stock after buying an additional 2,906 shares during the period. New York State Teachers Retirement System’s holdings in Domino’s Pizza were worth $15,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Domino’s Pizza by 17.2% during the first quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock worth $260,000 after acquiring an additional 83 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Domino’s Pizza by 207.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 30,208 shares of the restaurant operator’s stock worth $13,880,000 after purchasing an additional 20,379 shares during the period. Sowell Financial Services LLC bought a new position in Domino’s Pizza during the 1st quarter worth about $282,000. State of Alaska Department of Revenue raised its stake in shares of Domino’s Pizza by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 4,040 shares of the restaurant operator’s stock valued at $1,856,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Domino’s Pizza by 242.6% in the 1st quarter. Blue Trust Inc. now owns 185 shares of the restaurant operator’s stock valued at $85,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.2%

NASDAQ DPZ opened at $416.26 on Friday. Domino’s Pizza Inc has a 12 month low of $397.12 and a 12 month high of $500.55. The stock has a 50 day moving average of $439.25 and a 200-day moving average of $457.38. The company has a market cap of $14.07 billion, a PE ratio of 24.33, a PEG ratio of 2.20 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.19 earnings per share. As a group, sell-side analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be issued a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DPZ. Benchmark increased their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. Wells Fargo & Company reduced their price target on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 8th. Jefferies Financial Group lowered their price objective on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a report on Monday, October 13th. BTIG Research reissued a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a research report on Wednesday. Finally, Piper Sandler decreased their target price on shares of Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $489.92.

Insiders Place Their Bets

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by company insiders.

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.