Cabot Wealth Management Inc. Grows Position in Domino's Pizza Inc (NASDAQ:DPZ)

Cabot Wealth Management Inc. increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,961 shares of the restaurant operator's stock after buying an additional 6,961 shares during the period. Domino's Pizza comprises approximately 1.5% of Cabot Wealth Management Inc.'s holdings, making the stock its 23rd largest holding. Cabot Wealth Management Inc. owned about 0.08% of Domino's Pizza worth $11,928,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DPZ. Alta Capital Management LLC grew its stake in Domino's Pizza by 20.5% in the fourth quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock valued at $2,999,000 after purchasing an additional 1,214 shares during the last quarter. Merit Financial Group LLC grew its stake in Domino's Pizza by 88.5% in 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. SBI Securities Co. Ltd. purchased a new position in Domino's Pizza in the fourth quarter valued at about $282,000. HS Management Partners LLC grew its stake in Domino's Pizza by 11.6% in the fourth quarter. HS Management Partners LLC now owns 96,140 shares of the restaurant operator's stock valued at $40,356,000 after purchasing an additional 10,010 shares during the last quarter. Finally, Fiduciary Group LLC grew its stake in Domino's Pizza by 49.2% in 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. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ DPZ traded up $0.51 during trading hours on Friday, reaching $447.28. The stock had a trading volume of 861,858 shares, compared to its average volume of 637,240. The stock has a fifty day moving average of $473.98 and a 200 day moving average of $457.76. The stock has a market cap of $15.31 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $535.26.

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

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's payout ratio is presently 39.91%.

Insiders Place Their Bets

In other Domino's Pizza news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DPZ. TD Securities reiterated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research note on Monday, April 28th. Redburn Atlantic initiated coverage on Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price on the stock. Stephens restated 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. BMO Capital Markets boosted their price target on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, Loop Capital boosted their price target on Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and an average price target of $487.17.

About Domino's Pizza

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.