Texas Permanent School Fund Reduces Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Texas Permanent School Fund lowered its position in Domino’s Pizza, Inc. (NYSE:DPZGet Rating) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,663 shares of the restaurant operator’s stock after selling 57 shares during the quarter. Texas Permanent School Fund’s holdings in Domino’s Pizza were worth $1,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DPZ. Verdence Capital Advisors LLC boosted its stake in Domino’s Pizza by 15.2% during the second quarter. Verdence Capital Advisors LLC now owns 2,004 shares of the restaurant operator’s stock worth $781,000 after buying an additional 264 shares during the period. State of Michigan Retirement System boosted its stake in Domino’s Pizza by 6.5% during the second quarter. State of Michigan Retirement System now owns 9,780 shares of the restaurant operator’s stock worth $3,811,000 after buying an additional 600 shares during the period. ING Groep NV boosted its stake in Domino’s Pizza by 176.3% during the second quarter. ING Groep NV now owns 1,583 shares of the restaurant operator’s stock worth $617,000 after buying an additional 1,010 shares during the period. Credit Agricole S A boosted its stake in Domino’s Pizza by 32.0% during the second quarter. Credit Agricole S A now owns 871 shares of the restaurant operator’s stock worth $339,000 after buying an additional 211 shares during the period. Finally, Keybank National Association OH boosted its stake in Domino’s Pizza by 18.8% during the second quarter. Keybank National Association OH now owns 1,848 shares of the restaurant operator’s stock worth $720,000 after buying an additional 293 shares during the period. Hedge funds and other institutional investors own 96.44% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, Director James A. Goldman sold 399 shares of Domino’s Pizza stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $330.00, for a total value of $131,670.00. Following the transaction, the director now directly owns 6,123 shares in the company, valued at approximately $2,020,590. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.12% of the company’s stock.

Domino’s Pizza Trading Down 0.6 %

Shares of DPZ opened at $364.47 on Thursday. The firm has a market cap of $12.90 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 2.42 and a beta of 0.69. The company’s 50 day simple moving average is $334.39 and its 200-day simple moving average is $364.10. Domino’s Pizza, Inc. has a 12-month low of $299.41 and a 12-month high of $567.57.

Domino’s Pizza (NYSE:DPZGet Rating) last announced its earnings results on Thursday, October 13th. The restaurant operator reported $2.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.19). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Domino’s Pizza had a negative return on equity of 10.64% and a net margin of 10.02%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $3.24 earnings per share. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 12.02 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.21%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 35.60%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DPZ. Morgan Stanley lowered their target price on shares of Domino’s Pizza from $426.00 to $373.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 11th. Barclays lowered their price objective on shares of Domino’s Pizza from $350.00 to $315.00 and set an “underweight” rating for the company in a research note on Friday, October 7th. BMO Capital Markets lowered their price objective on shares of Domino’s Pizza from $430.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 14th. Oppenheimer lowered their price objective on shares of Domino’s Pizza from $445.00 to $415.00 and set an “outperform” rating for the company in a research note on Monday, October 3rd. Finally, Stephens lowered their price objective on shares of Domino’s Pizza from $368.00 to $335.00 and set an “equal weight” rating for the company in a research note on Friday, October 14th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Hold” and an average target price of $406.32.

About Domino’s Pizza

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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Institutional Ownership by Quarter for Domino's Pizza (NYSE:DPZ)

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