Domino's Pizza Inc (NASDAQ:DPZ) Shares Acquired by Correct Capital Wealth Management

Correct Capital Wealth Management lifted its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,902 shares of the restaurant operator's stock after purchasing an additional 802 shares during the period. Correct Capital Wealth Management's holdings in Domino's Pizza were worth $1,793,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DPZ. Jones Financial Companies Lllp lifted its position in shares of Domino's Pizza by 97.6% during the 4th quarter. Jones Financial Companies Lllp now owns 990 shares of the restaurant operator's stock worth $415,000 after purchasing an additional 489 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Domino's Pizza during the 4th quarter worth $15,724,000. Raymond James Financial Inc. purchased a new stake in shares of Domino's Pizza during the 4th quarter worth $32,592,000. Daiwa Securities Group Inc. lifted its position in shares of Domino's Pizza by 9.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,188 shares of the restaurant operator's stock worth $2,177,000 after purchasing an additional 431 shares during the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of Domino's Pizza by 30.1% during the 4th quarter. Independent Advisor Alliance now owns 825 shares of the restaurant operator's stock worth $346,000 after purchasing an additional 191 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ traded up $6.44 on Thursday, reaching $469.92. The company's stock had a trading volume of 476,244 shares, compared to its average volume of 640,955. The stock's 50-day moving average is $467.81 and its two-hundred day moving average is $458.31. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55. The stock has a market capitalization of $16.09 billion, a P/E ratio of 26.94, a PEG ratio of 2.64 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued 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. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $3.58 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $1.74 per share. The ex-dividend date was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.48%. Domino's Pizza's dividend payout ratio (DPR) is 39.91%.

Analyst Upgrades and Downgrades

DPZ has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Citigroup lifted their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Stephens reiterated an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Morgan Stanley lifted their price target on shares of Domino's Pizza from $510.00 to $514.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, TD Securities reiterated a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research note on Monday, April 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $487.33.

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.