California State Teachers Retirement System Increases Position in Domino’s Pizza Inc $DPZ

California State Teachers Retirement System increased its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 34,175.6% during the second quarter, Holdings Channel reports. The fund owned 14,904,726 shares of the restaurant operator’s stock after acquiring an additional 14,861,241 shares during the quarter. California State Teachers Retirement System owned approximately 0.45% of Domino’s Pizza worth $4,412,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DPZ. VELA Investment Management LLC raised its holdings in Domino’s Pizza by 9.9% in the 2nd quarter. VELA Investment Management LLC now owns 1,450 shares of the restaurant operator’s stock valued at $429,000 after acquiring an additional 131 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Domino’s Pizza by 55.7% during the second quarter. HB Wealth Management LLC now owns 2,791 shares of the restaurant operator’s stock worth $827,000 after purchasing an additional 999 shares during the last quarter. Saudi Central Bank grew its position in shares of Domino’s Pizza by 1.0% in the second quarter. Saudi Central Bank now owns 91,838 shares of the restaurant operator’s stock valued at $29,533,000 after purchasing an additional 933 shares during the period. AlphaGrep UK Ltd purchased a new stake in shares of Domino’s Pizza in the second quarter valued at $303,000. Finally, Baypointe Partners LLC grew its position in shares of Domino’s Pizza by 155.1% in the second quarter. Baypointe Partners LLC now owns 14,286 shares of the restaurant operator’s stock valued at $4,229,000 after purchasing an additional 8,686 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In other news, CEO Russell J. Weiner sold 10,850 shares of the stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. The trade was a 57.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 23,767 shares of company stock worth $7,737,107. 0.89% of the stock is currently owned by insiders.

Domino’s Pizza Stock Down 4.2%

Domino’s Pizza stock opened at $321.46 on Thursday. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $458.90. The firm has a fifty day moving average of $336.03 and a 200-day moving average of $342.97. The firm has a market capitalization of $10.63 billion, a P/E ratio of 18.23, a PEG ratio of 1.55 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion for the quarter. During the same quarter last year, the firm earned $3.81 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio (DPR) is 45.15%.

Analyst Ratings Changes

Several research firms recently weighed in on DPZ. TD Cowen increased their target price on Domino’s Pizza from $295.00 to $310.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Benchmark restated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Loop Capital reaffirmed a “hold” rating and set a $353.00 price objective on shares of Domino’s Pizza in a research note on Monday, August 10th. BTIG Research reaffirmed a “buy” rating and set a $425.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Finally, Citigroup cut their price objective on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Hold” and a consensus price target of $397.74.

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.