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

Teacher Retirement System of Texas bought a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,048 shares of the restaurant operator's stock, valued at approximately $2,319,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc lifted its position in 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 worth $999,868,000 after acquiring an additional 1,104,744 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 worth $403,203,000 after acquiring an additional 92,389 shares during the last quarter. Invesco Ltd. lifted its position in Domino's Pizza by 46.0% during the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares during the last quarter. Norges Bank acquired a new position in Domino's Pizza during the 4th quarter worth $250,571,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in 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 worth $172,298,000 after acquiring an additional 5,762 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Domino's Pizza stock traded down $5.44 during trading hours on Friday, hitting $464.48. 421,654 shares of the stock were exchanged, compared to its average volume of 640,957. The stock has a market capitalization of $15.90 billion, a P/E ratio of 26.63, a P/E/G ratio of 2.67 and a beta of 1.09. Domino's Pizza Inc has a 12 month low of $396.06 and a 12 month high of $500.55. The business's 50-day moving average is $467.18 and its two-hundred day moving average is $458.84.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion for 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 company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.58 earnings per share. On average, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 annualized dividend and a yield of 1.50%. Domino's Pizza's dividend payout ratio is 39.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DPZ. Loop Capital upped their price objective on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. TD Securities reaffirmed a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. Stephens reaffirmed an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Argus reaffirmed a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Tuesday, April 29th. Finally, BTIG Research set a $530.00 price objective on shares of Domino's Pizza and gave the company a "buy" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Domino's Pizza presently has an average rating of "Moderate Buy" and a consensus target price 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.