Cetera Investment Advisers Has $6.53 Million Stake in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• Cetera Investment Advisers increased its holdings in Domino's Pizza by 10.8% during Q1, owning 14,216 shares valued at approximately $6.53 million.
• Domino's reported Q2 earnings of $3.81 EPS, missing estimates, while revenue of $1.15 billion exceeded expectations, reflecting a 4.3% year-over-year growth.
• The company declared a quarterly dividend of $1.74 per share, representing an annualized dividend yield of 1.5% and a payout ratio of 40.42%.

Cetera Investment Advisers lifted its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,216 shares of the restaurant operator's stock after purchasing an additional 1,388 shares during the period. Cetera Investment Advisers' holdings in Domino's Pizza were worth $6,531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC bought a new position in Domino's Pizza during the fourth quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Domino's Pizza in the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new stake in shares of Domino's Pizza in the 1st quarter valued at about $27,000. Covestor Ltd raised its stake in shares of Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Domino's Pizza in the 4th quarter valued at about $53,000. 94.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DPZ has been the topic of several recent research reports. Wells Fargo & Company lifted their price target on Domino's Pizza from $465.00 to $490.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Guggenheim reissued a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Citigroup lifted their target price on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. BMO Capital Markets lifted their target price on Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Finally, Sanford C. Bernstein lifted their target price on Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus target price of $489.67.

Domino's Pizza Price Performance

NASDAQ:DPZ traded up $1.81 during trading hours on Monday, reaching $467.98. 512,304 shares of the company were exchanged, compared to its average volume of 763,528. The company has a market capitalization of $15.89 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.56 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 business has a 50 day moving average of $463.49 and a 200 day moving average of $464.71.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.03 EPS. As a group, equities research analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is currently 40.42%.

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.