Correct Capital Wealth Management raised its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 25.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,902 shares of the restaurant operator's stock after acquiring 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 also recently made changes to their positions in the stock. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza during the 1st quarter worth $25,000. Wood Tarver Financial Group LLC acquired a new stake in Domino's Pizza in the 4th quarter valued at $25,000. Brown Brothers Harriman & Co. raised its position in Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares during the period. Covestor Ltd lifted its stake in shares of Domino's Pizza by 158.1% during the fourth 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 boosted its position in shares of 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 buying an additional 26 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on DPZ shares. Royal Bank Of Canada raised their target price on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. BTIG Research set a $530.00 price target on shares of Domino's Pizza and gave the company a "buy" rating in a report on Monday, April 28th. Hsbc Global Res upgraded shares of Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Argus restated a "hold" rating and set a $490.00 target price on shares of Domino's Pizza in a research note on Tuesday, April 29th. Finally, Benchmark raised their target price on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $487.33.
Check Out Our Latest Stock Analysis on Domino's Pizza
Domino's Pizza Price Performance
NASDAQ:DPZ traded down $5.57 during mid-day trading on Friday, reaching $464.36. The stock had a trading volume of 217,066 shares, compared to its average volume of 639,381. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55. The stock's 50 day simple moving average is $467.58 and its two-hundred day simple moving average is $458.61.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business earned $3.58 earnings per share. Domino's Pizza's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.
Domino's Pizza Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $1.74 dividend. The ex-dividend date was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.50%. Domino's Pizza's dividend payout ratio is currently 39.91%.
About Domino's Pizza
(
Free Report)
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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