Cornerstone Wealth Group LLC Has $9.38 Million Stock Position in Domino's Pizza Inc (NASDAQ:DPZ)

Cornerstone Wealth Group LLC grew its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 41.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,417 shares of the restaurant operator's stock after purchasing an additional 5,939 shares during the period. Cornerstone Wealth Group LLC owned 0.06% of Domino's Pizza worth $9,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DPZ. Allworth Financial LP grew its holdings in Domino's Pizza by 37.6% in the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock valued at $66,000 after buying an additional 41 shares during the period. Private Advisor Group LLC grew its holdings in Domino's Pizza by 1.7% in the fourth quarter. Private Advisor Group LLC now owns 2,553 shares of the restaurant operator's stock valued at $1,072,000 after purchasing an additional 42 shares during the period. Handelsbanken Fonder AB increased its position in Domino's Pizza by 5.5% during the fourth quarter. Handelsbanken Fonder AB now owns 5,569 shares of the restaurant operator's stock worth $2,338,000 after purchasing an additional 291 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Domino's Pizza by 105.8% during the fourth quarter. First Horizon Advisors Inc. now owns 883 shares of the restaurant operator's stock worth $371,000 after purchasing an additional 454 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Domino's Pizza by 24.1% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,721 shares of the restaurant operator's stock worth $3,241,000 after purchasing an additional 1,500 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DPZ. TD Cowen reaffirmed a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Monday, February 24th. Loop Capital upped 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. Stephens reaffirmed an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a research note on Wednesday, April 2nd. TD Securities reaffirmed a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, April 28th. Finally, Redburn Atlantic started coverage on Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average price target of $487.17.

Domino's Pizza Stock Up 0.5%

NASDAQ:DPZ traded up $2.36 during trading hours on Tuesday, reaching $459.97. 458,361 shares of the stock were exchanged, compared to its average volume of 636,135. The firm has a 50 day simple moving average of $473.61 and a 200-day simple moving average of $457.74. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $535.26. The stock has a market capitalization of $15.75 billion, a P/E ratio of 26.37, a P/E/G ratio of 2.54 and a beta of 1.11.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted 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 company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $3.58 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts expect that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insider Transactions at Domino's Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the business'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 transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.83% of the company's stock.

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.