Teacher Retirement System of Texas Takes Position in Domino's Pizza Inc (NASDAQ:DPZ)

Teacher Retirement System of Texas purchased 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,048 shares of the restaurant operator's stock, valued at approximately $2,319,000.

Several other large investors have also made changes to their positions in DPZ. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza during the fourth quarter valued at $25,000. Alpine Bank Wealth Management acquired a new position in shares of Domino's Pizza during the first quarter valued at $25,000. Brown Brothers Harriman & Co. lifted its stake in shares of Domino's Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 61 shares during the period. Covestor Ltd lifted its stake in shares of Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Price Performance

NASDAQ:DPZ traded down $5.44 during trading hours on Friday, reaching $464.48. 421,654 shares of the stock were exchanged, compared to its average volume of 640,638. The stock has a market cap of $15.90 billion, a PE ratio of 26.63, a PEG ratio of 2.64 and a beta of 1.09. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $500.55. The firm has a 50 day moving average of $467.18 and a 200 day moving average of $459.03.

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

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $1.74 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.50%. Domino's Pizza's dividend payout ratio is 39.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. BMO Capital Markets increased their target price on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Benchmark increased their target price on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada increased their target price on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, Bank of America increased their target price on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $487.33.

About Domino's Pizza

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.