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

New York State Teachers Retirement System raised its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,979 shares of the restaurant operator’s stock after purchasing an additional 2,889 shares during the period. New York State Teachers Retirement System owned 0.10% of Domino’s Pizza worth $11,474,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 34 shares during the period. MBM Wealth Consultants LLC purchased a new stake in shares of Domino’s Pizza during the first quarter worth $31,000. Johnson Financial Group Inc. lifted its position in shares of Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 56 shares in the last quarter. Finally, Arax Advisory Partners bought a new position in shares of Domino’s Pizza in the fourth quarter worth $42,000. Institutional investors own 94.63% of the company’s stock.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $311.74, for a total transaction of $151,817.38. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,915,392.48. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,463 shares of company stock valued at $466,807 over the last quarter. Company insiders own 0.89% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $311.66 on Monday. The company has a market capitalization 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 Inc has a 52-week low of $282.00 and a 52-week high of $496.00. The business’s fifty day moving average is $314.84 and its 200 day moving average is $366.70.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results 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 business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $4.33 EPS. On average, sell-side analysts forecast that Domino’s Pizza Inc will post 18.99 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein reduced their price target on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research report on Tuesday, April 28th. Benchmark dropped their price objective on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Citigroup cut their target price on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. TD Cowen reaffirmed a “hold” rating and set a $350.00 target price on shares of Domino’s Pizza in a report on Tuesday, June 23rd. 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 report on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $411.35.

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.