Domino’s Pizza, Inc. (NYSE:DPZ) Stake Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,787 shares of the restaurant operator’s stock after selling 160 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Domino’s Pizza were worth $1,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DPZ. Cetera Investment Advisers raised its position in shares of Domino’s Pizza by 29.7% during the 2nd quarter. Cetera Investment Advisers now owns 10,015 shares of the restaurant operator’s stock worth $5,171,000 after purchasing an additional 2,294 shares during the period. Granite Bay Wealth Management LLC acquired a new stake in Domino’s Pizza in the second quarter worth $6,423,000. Ted Buchan & Co bought a new stake in Domino’s Pizza in the second quarter valued at $207,000. Truist Financial Corp boosted its holdings in shares of Domino’s Pizza by 6.4% during the second quarter. Truist Financial Corp now owns 16,813 shares of the restaurant operator’s stock valued at $8,681,000 after acquiring an additional 1,011 shares during the period. Finally, Quarry LP grew its position in shares of Domino’s Pizza by 480.9% during the second quarter. Quarry LP now owns 395 shares of the restaurant operator’s stock worth $204,000 after acquiring an additional 327 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 1.1 %

Shares of Domino’s Pizza stock opened at $425.31 on Friday. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75. The stock has a 50-day moving average price of $423.01 and a 200 day moving average price of $470.98. The company has a market cap of $14.83 billion, a P/E ratio of 27.76, a P/E/G ratio of 2.21 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $3.08 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DPZ shares. Robert W. Baird dropped their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Oppenheimer decreased their price target on Domino’s Pizza from $510.00 to $490.00 and set an “outperform” rating for the company in a research note on Friday, September 6th. Benchmark cut their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Baird R W upgraded shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Domino’s Pizza in a research report on Thursday, June 13th. They set a “buy” rating and a $612.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $507.00.

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.