Domino's Pizza Inc (NASDAQ:DPZ) Position Increased by Correct Capital Wealth Management

Correct Capital Wealth Management raised its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 25.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,902 shares of the restaurant operator's stock after buying an additional 802 shares during the quarter. Correct Capital Wealth Management's holdings in Domino's Pizza were worth $1,793,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Praxis Investment Management Inc. acquired a new position in Domino's Pizza in the first quarter worth approximately $414,000. Sowell Financial Services LLC acquired a new position in Domino's Pizza during the first quarter valued at approximately $282,000. Merit Financial Group LLC grew its holdings in Domino's Pizza by 88.5% during the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock valued at $731,000 after purchasing an additional 747 shares during the last quarter. Fiduciary Group LLC grew its holdings in Domino's Pizza by 49.2% during the fourth quarter. Fiduciary Group LLC now owns 3,760 shares of the restaurant operator's stock valued at $1,578,000 after purchasing an additional 1,240 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Domino's Pizza by 53,740.4% during the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after purchasing an additional 259,566 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DPZ has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Morgan Stanley increased their price objective on Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday. Bank of America increased their price objective on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Citigroup increased their price objective on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $487.33.

Domino's Pizza Stock Performance

DPZ stock opened at $468.44 on Thursday. The company has a market capitalization of $16.04 billion, a price-to-earnings ratio of 26.88, a PEG ratio of 2.61 and a beta of 1.09. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55. The stock has a fifty day moving average of $467.81 and a 200-day moving average of $458.31.

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 analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.58 EPS. Equities analysts predict that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $1.74 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino's Pizza's dividend payout ratio (DPR) is presently 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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