Teacher Retirement System of Texas Grows Stake in Domino’s Pizza Inc $DPZ

Teacher Retirement System of Texas grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 486.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,033 shares of the restaurant operator’s stock after purchasing an additional 24,086 shares during the quarter. Teacher Retirement System of Texas’ holdings in Domino’s Pizza were worth $12,534,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. RMG Wealth Management LLC acquired a new position in Domino’s Pizza during the 2nd quarter valued at about $25,000. Signature Resources Capital Management LLC purchased a new stake in shares of Domino’s Pizza during the second quarter worth about $29,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Domino’s Pizza during the second quarter valued at about $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $34,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $411.50 on Friday. The business’s 50-day moving average is $416.45 and its two-hundred day moving average is $431.42. The company has a market capitalization of $13.90 billion, a P/E ratio of 24.05, a P/E/G ratio of 1.94 and a beta of 1.15. Domino’s Pizza Inc has a fifty-two week low of $382.47 and a fifty-two week high of $500.55.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating on the stock in a research report on Thursday. Barclays cut their target price on Domino’s Pizza from $405.00 to $370.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 7th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Tuesday, December 2nd. Jefferies Financial Group dropped their price target on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Stifel Nicolaus reduced their price objective on Domino’s Pizza from $510.00 to $485.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $482.04.

Insiders Place Their Bets

In related news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

About Domino’s Pizza

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.