LPL Financial LLC Has $22.92 Million Stock Position in Domino's Pizza Inc (NASDAQ:DPZ)

LPL Financial LLC raised its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 29.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,876 shares of the restaurant operator's stock after buying an additional 11,214 shares during the quarter. LPL Financial LLC owned 0.15% of Domino's Pizza worth $22,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Berkshire Hathaway Inc grew its position in Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after buying an additional 1,104,744 shares in the last quarter. GAMMA Investing LLC raised its holdings in Domino's Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after acquiring an additional 259,566 shares in the last quarter. Invesco Ltd. lifted its position in shares of Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after acquiring an additional 191,752 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of Domino's Pizza during the 4th quarter worth approximately $56,647,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Domino's Pizza during the fourth quarter valued at approximately $32,592,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Stock Performance

DPZ traded down $0.04 during mid-day trading on Friday, reaching $442.38. The stock had a trading volume of 162,505 shares, compared to its average volume of 645,954. The firm's fifty day simple moving average is $461.06 and its two-hundred day simple moving average is $464.83. The stock has a market capitalization of $15.02 billion, a P/E ratio of 25.69, a P/E/G ratio of 2.43 and a beta of 1.09. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). The firm had revenue of $1.15 billion for 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 was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $4.03 EPS. As a group, analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.74 per share. The ex-dividend date is Monday, September 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino's Pizza's payout ratio is currently 40.42%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Redburn Atlantic started coverage on Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 target price for the company. Citigroup increased their price objective on shares of Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Royal Bank Of Canada downgraded shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $500.00 in a report on Tuesday, July 29th. BMO Capital Markets upped their target price on shares of Domino's Pizza from $515.00 to $540.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. Finally, TD Securities restated 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 investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $489.67.

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.