California State Teachers Retirement System Purchases 6,862 Shares of Domino's Pizza Inc $DPZ

California State Teachers Retirement System boosted its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 15.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,347 shares of the restaurant operator's stock after purchasing an additional 6,862 shares during the period. California State Teachers Retirement System owned about 0.15% of Domino's Pizza worth $14,904,726 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of DPZ. Berkshire Hathaway Inc boosted its stake in shares of Domino's Pizza by 12.3% during the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock worth $1,396,347,000 after purchasing an additional 368,055 shares during the last quarter. Soroban Capital Partners LP acquired a new stake in Domino's Pizza in the 1st quarter valued at about $895,251,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Domino's Pizza by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock valued at $837,091,000 after acquiring an additional 7,497 shares in the last quarter. BlackRock Inc. acquired a new stake in Domino's Pizza during the second quarter worth about $715,704,000. Finally, Geode Capital Management LLC lifted its position in shares of Domino's Pizza by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator's stock valued at $432,033,000 after acquiring an additional 19,019 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Price Performance

NASDAQ:DPZ traded down $12.84 during mid-day trading on Tuesday, reaching $310.93. The stock had a trading volume of 331,273 shares, compared to its average volume of 917,520. The stock has a market cap of $10.29 billion, a P/E ratio of 17.63, a PEG ratio of 1.44 and a beta of 0.94. Domino's Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $450.03. The business's 50 day moving average is $336.50 and its 200 day moving average is $341.23.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.19 billion during the quarter. During the same quarter in the previous year, the company posted $3.81 earnings per share. The business's revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Domino's Pizza Inc will post 18.88 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's dividend payout ratio is presently 45.15%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Domino's Pizza from $375.00 to $385.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on Domino's Pizza from $435.00 to $385.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Benchmark reissued a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. KeyCorp restated a "sector weight" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Finally, Loop Capital restated a "hold" rating and set a $353.00 price target on shares of Domino's Pizza in a research note on Monday, August 10th. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Hold" and a consensus price target of $398.06.

Insider Transactions at Domino's Pizza

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

Domino's Pizza Profile

Domino's Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino's brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company's menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino's also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino's was initially known as Dominick's before adopting its current name in 1965.

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