Bridges Investment Management Inc. Boosts Position in Domino's Pizza Inc (NASDAQ:DPZ)

Bridges Investment Management Inc. raised its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 111.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,027 shares of the restaurant operator's stock after acquiring an additional 2,652 shares during the period. Bridges Investment Management Inc.'s holdings in Domino's Pizza were worth $2,310,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Lodestone Wealth Management LLC increased its holdings in Domino's Pizza by 4.4% in the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after acquiring an additional 25 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Domino's Pizza by 1.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock valued at $1,094,000 after buying an additional 25 shares during the period. EverSource Wealth Advisors LLC grew its position in Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 26 shares during the period. Robbins Farley grew its position in Domino's Pizza by 0.3% in the first quarter. Robbins Farley now owns 8,349 shares of the restaurant operator's stock worth $3,836,000 after acquiring an additional 29 shares during the period. Finally, Level Four Advisory Services LLC increased its stake in Domino's Pizza by 3.3% during the fourth quarter. Level Four Advisory Services LLC now owns 979 shares of the restaurant operator's stock worth $411,000 after acquiring an additional 31 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Robert W. Baird raised their price objective on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. TD Securities reiterated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, April 28th. Royal Bank Of Canada upped their price objective on shares of Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Stephens reiterated an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a report on Wednesday, April 2nd. Finally, Morgan Stanley upped their price target on Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $487.17.

Domino's Pizza Trading Up 0.9%

Shares of Domino's Pizza stock opened at $463.48 on Thursday. The company has a fifty day simple moving average of $467.81 and a 200-day simple moving average of $458.31. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 2.61 and a beta of 1.09.

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

Domino's Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

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.

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