Praxis Investment Management Inc. Takes Position in Domino's Pizza Inc (NASDAQ:DPZ)

Praxis Investment Management Inc. purchased a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 900 shares of the restaurant operator's stock, valued at approximately $414,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sherman Asset Management Inc. purchased a new stake in shares of Domino's Pizza during the 4th quarter worth about $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino's Pizza during the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. raised its stake in shares of Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd raised its stake in shares of Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 26 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Trading Up 2.3%

DPZ stock traded up $10.33 during trading on Monday, hitting $457.61. The company had a trading volume of 538,616 shares, compared to its average volume of 633,148. The company has a fifty day moving average price of $473.98 and a two-hundred day moving average price of $457.76. The company has a market cap of $15.67 billion, a P/E ratio of 26.24, a P/E/G ratio of 2.54 and a beta of 1.11. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $535.26.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. Domino's Pizza's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.58 EPS. On average, analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DPZ shares. BMO Capital Markets raised their price objective on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Wells Fargo & Company raised their price objective on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. TD Cowen reissued a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, February 24th. Loop Capital raised their price objective on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada raised their price objective on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $487.17.

Domino's Pizza Company Profile

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.