Farther Finance Advisors LLC Increases Stock Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Farther Finance Advisors LLC lifted its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 219.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,174 shares of the restaurant operator's stock after buying an additional 806 shares during the period. Farther Finance Advisors LLC's holdings in Domino's Pizza were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Portside Wealth Group LLC grew its stake in Domino's Pizza by 17.2% during the first quarter. Portside Wealth Group LLC now owns 879 shares of the restaurant operator's stock worth $404,000 after buying an additional 129 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Domino's Pizza by 5.0% during the 1st quarter. Capital Investment Advisors LLC now owns 3,042 shares of the restaurant operator's stock worth $1,397,000 after acquiring an additional 145 shares in the last quarter. Bennett Selby Investments LP increased its stake in Domino's Pizza by 0.6% in the first quarter. Bennett Selby Investments LP now owns 13,980 shares of the restaurant operator's stock valued at $6,423,000 after acquiring an additional 79 shares during the last quarter. Gateway Investment Advisers LLC raised its position in Domino's Pizza by 9.7% during the first quarter. Gateway Investment Advisers LLC now owns 1,940 shares of the restaurant operator's stock valued at $891,000 after purchasing an additional 172 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in Domino's Pizza by 86.5% during the first quarter. Procyon Advisors LLC now owns 3,802 shares of the restaurant operator's stock worth $1,747,000 after purchasing an additional 1,763 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino's Pizza Trading Up 0.5%

NASDAQ DPZ traded up $2.30 during trading hours on Monday, hitting $454.45. 627,461 shares of the company's stock were exchanged, compared to its average volume of 635,074. The firm has a market cap of $15.56 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 2.47 and a beta of 1.11. Domino's Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $535.98. The stock has a 50-day simple moving average of $474.07 and a 200 day simple moving average of $458.33.

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, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $3.58 EPS. Domino's Pizza's revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal 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 given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is currently 39.91%.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DPZ shares. Redburn Atlantic initiated coverage on Domino's Pizza in a research note on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price target on the stock. Barclays decreased their target price on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird increased their target price on shares of Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Bank of America raised their price target on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Loop Capital lifted their price target on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $487.17.

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.