Domino's Pizza Inc (NASDAQ:DPZ) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 402,412 shares of the restaurant operator's stock after purchasing an additional 33,105 shares during the quarter. Envestnet Asset Management Inc. owned about 1.17% of Domino's Pizza worth $184,888,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DPZ. Concurrent Investment Advisors LLC lifted its stake in shares of Domino's Pizza by 1.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock worth $1,094,000 after purchasing an additional 25 shares during the period. HM Payson & Co. grew its holdings in Domino's Pizza by 103,566.7% during the 1st quarter. HM Payson & Co. now owns 31,100 shares of the restaurant operator's stock valued at $14,289,000 after buying an additional 31,070 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in Domino's Pizza during the 1st quarter valued at approximately $65,000. Impax Asset Management Group plc purchased a new position in shares of Domino's Pizza in the first quarter valued at $633,000. Finally, IFM Investors Pty Ltd grew its holdings in shares of Domino's Pizza by 14.5% in the first quarter. IFM Investors Pty Ltd now owns 7,150 shares of the restaurant operator's stock valued at $3,076,000 after purchasing an additional 906 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DPZ shares. BMO Capital Markets raised their price target on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Citigroup lifted their price objective on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Robert W. Baird lifted their target price on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Finally, Wells Fargo & Company boosted their price target on Domino's Pizza from $445.00 to $465.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. 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 one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $487.33.

Domino's Pizza Trading Down 1.2%

Shares of DPZ traded down $5.44 during trading hours on Friday, reaching $464.48. The company had a trading volume of 421,654 shares, compared to its average volume of 640,957. The firm has a 50 day simple moving average of $467.18 and a 200-day simple moving average of $458.84. The company has a market capitalization of $15.90 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 2.67 and a beta of 1.09. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data 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 analysts' expectations of $1.12 billion. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.58 EPS. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $1.74 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.50%. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Domino's Pizza Company 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.