Baskin Financial Services Inc. Buys 669 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

Baskin Financial Services Inc. raised its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 0.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 79,222 shares of the restaurant operator's stock after purchasing an additional 669 shares during the period. Domino's Pizza accounts for about 3.0% of Baskin Financial Services Inc.'s investment portfolio, making the stock its 18th biggest holding. Baskin Financial Services Inc. owned approximately 0.23% of Domino's Pizza worth $36,399,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in shares of Domino's Pizza in the first quarter valued at about $25,000. Wood Tarver Financial Group LLC purchased a new position in Domino's Pizza in the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its stake in Domino's Pizza by 1,016.7% in 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 during the period. Covestor Ltd grew its holdings in Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after buying an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Stephens reiterated an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Redburn Atlantic began coverage on shares of Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective for the company. Citigroup upped their target price on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, Bank of America increased their price target on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $487.17.

Domino's Pizza Stock Down 0.8%

Shares of NASDAQ:DPZ opened at $453.94 on Thursday. The business's 50 day moving average is $471.05 and its 200 day moving average is $457.56. The stock has a market cap of $15.54 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $509.09.

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

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.

Domino's Pizza 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.

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