Domino’s Pizza Inc $DPZ Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,090 shares of the restaurant operator’s stock after selling 2,038 shares during the period. New York State Teachers Retirement System’s holdings in Domino’s Pizza were worth $12,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc raised its stake in Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after buying an additional 348,077 shares in the last quarter. Two Sigma Investments LP boosted its position in shares of Domino’s Pizza by 2,845.4% during the 3rd quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after acquiring an additional 255,060 shares in the last quarter. Woodline Partners LP boosted its position in shares of Domino’s Pizza by 8,229.8% during the 3rd quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after acquiring an additional 239,405 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Domino’s Pizza in the 3rd quarter valued at about $80,549,000. Finally, Champlain Investment Partners LLC increased its holdings in shares of Domino’s Pizza by 93.2% in the 3rd quarter. Champlain Investment Partners LLC now owns 302,537 shares of the restaurant operator’s stock valued at $130,608,000 after acquiring an additional 145,919 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $337.77 on Monday. The company has a market capitalization of $11.23 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02. The business’s 50 day moving average is $377.36 and its two-hundred day moving average is $398.81. Domino’s Pizza Inc has a twelve month low of $326.54 and a twelve month high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly 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). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion for the quarter. During the same period in the previous year, the business earned $4.33 EPS. Domino’s Pizza’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Domino’s Pizza Inc will post 19.22 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Analyst Ratings Changes

DPZ has been the topic of a number of research analyst reports. William Blair set a $540.00 price objective on shares of Domino’s Pizza in a report on Monday, February 23rd. DA Davidson dropped their target price on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada cut their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Northcoast Research decreased their price objective on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Evercore cut their target price on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus target price of $421.35.

About Domino’s Pizza

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.