Teacher Retirement System of Texas Boosts Stock Position in Domino’s Pizza Inc $DPZ

Teacher Retirement System of Texas grew its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 486.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,033 shares of the restaurant operator’s stock after purchasing an additional 24,086 shares during the period. Teacher Retirement System of Texas owned about 0.09% of Domino’s Pizza worth $12,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. RMG Wealth Management LLC purchased a new position in Domino’s Pizza in the 2nd quarter worth about $25,000. Signature Resources Capital Management LLC purchased a new stake in Domino’s Pizza in the 2nd quarter valued at about $29,000. Mid American Wealth Advisory Group Inc. bought a new position in Domino’s Pizza in the 2nd quarter worth about $31,000. Atlantic Union Bankshares Corp bought a new position in Domino’s Pizza in the 2nd quarter worth about $34,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Domino’s Pizza during the second quarter worth approximately $42,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 4,870 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the transaction, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. The trade was a 41.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Trading Up 1.5%

Shares of NASDAQ:DPZ opened at $411.50 on Friday. The company has a market capitalization of $13.90 billion, a PE ratio of 24.05, a P/E/G ratio of 1.94 and a beta of 1.15. Domino’s Pizza Inc has a 12-month low of $382.47 and a 12-month high of $500.55. The business’s fifty day simple moving average is $416.45 and its 200-day simple moving average is $431.42.

Analysts Set New Price Targets

DPZ has been the subject of several research analyst reports. BTIG Research reaffirmed a “buy” rating and set a $530.00 price target on shares of Domino’s Pizza in a research note on Friday, November 14th. Wells Fargo & Company decreased their target price on Domino’s Pizza from $450.00 to $430.00 and set an “equal weight” rating for the company in a research report on Thursday. Jefferies Financial Group lowered their target price on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a report on Monday, October 13th. Mizuho raised Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Hovde Group set a $460.00 price objective on Domino’s Pizza in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $482.04.

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.