Teacher Retirement System of Texas Invests $2.32 Million in Domino's Pizza Inc (NASDAQ:DPZ)

Teacher Retirement System of Texas bought a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,048 shares of the restaurant operator's stock, valued at approximately $2,319,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc boosted its position in shares of Domino's Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Domino's Pizza by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after purchasing an additional 92,389 shares in the last quarter. Invesco Ltd. boosted its position in shares of Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Norges Bank bought a new stake in shares of Domino's Pizza during the 4th quarter valued at about $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Domino's Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator's stock valued at $172,298,000 after purchasing an additional 5,762 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ:DPZ traded up $6.44 during trading hours on Thursday, reaching $469.92. The stock had a trading volume of 476,244 shares, compared to its average volume of 640,897. The stock has a 50 day simple moving average of $467.81 and a 200 day simple moving average of $458.31. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The stock has a market cap of $16.09 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $3.58 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several research analyst reports. Robert W. Baird upped their target price on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. BMO Capital Markets increased their price target on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Barclays cut their price target on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. TD Securities reiterated a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Monday, April 28th. Finally, BTIG Research set a $530.00 price target on Domino's Pizza and gave the stock a "buy" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $487.33.

Domino's Pizza Company 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.