New York State Teachers Retirement System Cuts Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

New York State Teachers Retirement System decreased its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 11.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 34,660 shares of the restaurant operator’s stock after selling 4,616 shares during the quarter. New York State Teachers Retirement System’s holdings in Domino’s Pizza were worth $17,896,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DPZ. Blue Trust Inc. raised its holdings in shares of Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 39 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Domino’s Pizza during the first quarter worth approximately $36,000. Versant Capital Management Inc boosted its stake in shares of Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter valued at $62,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on DPZ shares. 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. TD Securities restated a “buy” rating and set a $580.00 target price on shares of Domino’s Pizza in a report on Thursday, May 16th. The Goldman Sachs Group began coverage on 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. Barclays dropped their price objective on Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and an average price target of $517.39.

Domino’s Pizza Stock Up 1.7 %

Shares of DPZ stock traded up $6.94 during mid-day trading on Friday, reaching $423.17. 544,596 shares of the company’s stock traded hands, compared to its average volume of 598,155. The company’s 50-day moving average price is $465.51 and its 200-day moving average price is $475.07. The company has a market cap of $14.76 billion, a P/E ratio of 27.60, a P/E/G ratio of 2.24 and a beta of 0.87. Domino’s Pizza, Inc. has a 12 month low of $330.05 and a 12 month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm posted $3.08 earnings per share. Domino’s Pizza’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts predict that Domino’s Pizza, Inc. will post 16.19 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.51 dividend. The ex-dividend date is Friday, September 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.43%. Domino’s Pizza’s payout ratio is currently 39.43%.

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.