Teacher Retirement System of Texas Acquires 4,263 Shares of Domino’s Pizza Inc (DPZ)
Teacher Retirement System of Texas increased its holdings in shares of Domino’s Pizza Inc (NYSE:DPZ) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,941 shares of the restaurant operator’s stock after purchasing an additional 4,263 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Domino’s Pizza worth $4,555,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Bank of Australia boosted its holdings in Domino’s Pizza by 25.0% during the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 100 shares during the last quarter. Toronto Dominion Bank raised its position in Domino’s Pizza by 12.2% during the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock worth $125,000 after acquiring an additional 64 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Domino’s Pizza during the second quarter worth $127,000. Whittier Trust Co. of Nevada Inc. raised its position in Domino’s Pizza by 115.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock worth $145,000 after acquiring an additional 368 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Domino’s Pizza during the second quarter worth $160,000. Institutional investors and hedge funds own 94.20% of the company’s stock.
Shares of Domino’s Pizza Inc (NYSE DPZ) opened at $178.65 on Monday. The stock has a market cap of $7,813.10, a PE ratio of 33.52, a price-to-earnings-growth ratio of 1.84 and a beta of 0.37. The company has a debt-to-equity ratio of -1.13, a quick ratio of 1.39 and a current ratio of 1.49. Domino’s Pizza Inc has a one year low of $156.26 and a one year high of $221.58.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 12th. The restaurant operator reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The firm had revenue of $643.60 million for the quarter, compared to the consensus estimate of $627.85 million. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. equities analysts predict that Domino’s Pizza Inc will post 5.8 EPS for the current fiscal year.
Domino’s Pizza announced that its board has authorized a share repurchase plan on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.03%. Domino’s Pizza’s payout ratio is 35.11%.
Several analysts have issued reports on DPZ shares. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Monday, August 28th. Maxim Group raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the company from $220.00 to $230.00 in a research report on Thursday, November 2nd. Credit Suisse Group increased their price objective on shares of Domino’s Pizza from $200.00 to $205.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Guggenheim reissued a “buy” rating and issued a $230.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 13th. Finally, Longbow Research raised shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price objective on the stock in a research report on Friday, July 28th. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $208.90.
In other Domino’s Pizza news, insider Russell J. Weiner sold 7,276 shares of the stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the sale, the insider now directly owns 17,563 shares in the company, valued at $3,424,785. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.57% of the company’s stock.
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About Domino’s Pizza
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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