Goodman Advisory Group LLC Buys Shares of 7,824 Domino's Pizza Inc (NASDAQ:DPZ)

Goodman Advisory Group LLC purchased a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,824 shares of the restaurant operator's stock, valued at approximately $3,595,000. Domino's Pizza comprises 1.6% of Goodman Advisory Group LLC's investment portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in DPZ. Private Advisor Group LLC increased its holdings in Domino's Pizza by 1.7% in the fourth quarter. Private Advisor Group LLC now owns 2,553 shares of the restaurant operator's stock valued at $1,072,000 after purchasing an additional 42 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Domino's Pizza in the 4th quarter valued at about $552,000. Bank of New York Mellon Corp increased its stake in shares of Domino's Pizza by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator's stock valued at $112,095,000 after buying an additional 8,753 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Domino's Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator's stock worth $486,000 after acquiring an additional 23 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Domino's Pizza during the fourth quarter worth about $15,724,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Insider Activity

In other news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DPZ. Hsbc Global Res raised shares of Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Barclays reduced their price objective on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets lifted their target price on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Wells Fargo & Company upped their price target on shares of Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. 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 for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $487.17.

Domino's Pizza Trading Down 1.8%

Domino's Pizza stock opened at $446.39 on Friday. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. The firm's fifty day moving average price is $472.61 and its two-hundred day moving average price is $457.65. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $516.37.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.58 EPS. On average, research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.74 dividend. This represents a $6.96 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, June 13th. 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.

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