Envestnet Asset Management Inc. Raises Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Envestnet Asset Management Inc. increased its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,412 shares of the restaurant operator's stock after acquiring an additional 33,105 shares during the period. Envestnet Asset Management Inc. owned approximately 1.17% of Domino's Pizza worth $184,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in Domino's Pizza by 97.6% in the 4th quarter. Jones Financial Companies Lllp now owns 990 shares of the restaurant operator's stock valued at $415,000 after purchasing an additional 489 shares in the last quarter. M&T Bank Corp increased its stake in shares of Domino's Pizza by 1.0% during the fourth quarter. M&T Bank Corp now owns 3,172 shares of the restaurant operator's stock worth $1,332,000 after buying an additional 30 shares during the period. Proficio Capital Partners LLC acquired a new stake in Domino's Pizza in the fourth quarter valued at approximately $15,724,000. Raymond James Financial Inc. purchased a new position in Domino's Pizza in the fourth quarter worth approximately $32,592,000. Finally, Larson Financial Group LLC grew its holdings in Domino's Pizza by 2.8% during the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator's stock worth $427,000 after acquiring an additional 28 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Citigroup raised their price target on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Stephens reaffirmed an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a report on Wednesday, April 2nd. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Finally, Bank of America raised their target price on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $487.17.

Domino's Pizza Stock Up 0.9%

DPZ stock traded up $4.05 during trading on Wednesday, hitting $463.48. The company had a trading volume of 571,518 shares, compared to its average volume of 642,017. The firm has a 50-day moving average price of $468.35 and a 200-day moving average price of $458.27. The firm has a market cap of $15.87 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $501.45.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business earned $3.58 earnings per share. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, June 13th. Domino's Pizza's payout ratio is 39.91%.

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.