Global Assets Advisory LLC Takes $369,000 Position in Domino's Pizza Inc (NASDAQ:DPZ)

Global Assets Advisory LLC purchased a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 819 shares of the restaurant operator's stock, valued at approximately $369,000.

Other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its holdings in shares of Domino's Pizza by 2.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock valued at $486,000 after buying an additional 23 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the period. Larson Financial Group LLC raised its holdings in shares of Domino's Pizza by 2.8% in the 4th quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator's stock valued at $427,000 after buying an additional 28 shares during the period. Robbins Farley raised its holdings in shares of Domino's Pizza by 0.3% in the 1st quarter. Robbins Farley now owns 8,349 shares of the restaurant operator's stock valued at $3,836,000 after buying an additional 29 shares during the period. Finally, M&T Bank Corp raised its holdings in shares of Domino's Pizza by 1.0% in the 4th quarter. M&T Bank Corp now owns 3,172 shares of the restaurant operator's stock valued at $1,332,000 after buying an additional 30 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Buying and Selling

In related news, EVP Reddy Sandeep sold 399 shares of the firm'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 transaction, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Stock Performance

DPZ opened at $453.13 on Thursday. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $526.66. The company has a market cap of $15.52 billion, a P/E ratio of 25.98, a PEG ratio of 2.62 and a beta of 1.11. The business's 50-day simple moving average is $473.26 and its 200-day simple moving average is $457.73.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released 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. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 EPS. As a group, analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.54%. Domino's Pizza's dividend payout ratio is presently 39.91%.

Wall Street Analyst Weigh In

DPZ has been the topic of several research analyst reports. Loop Capital boosted their price objective on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Benchmark upped their price target on Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Citigroup upped their price target on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Robert W. Baird upped their price target on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Redburn Atlantic began coverage on Domino's Pizza in a report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $487.17.

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.

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