1,465 Shares in Domino's Pizza Inc $DPZ Purchased by Harfst & Associates Inc.

Key Points

• Harfst & Associates Inc. acquired a new stake in Domino's Pizza by purchasing 1,465 shares, valued at approximately $673,000.
• Multiple institutional investors, including Raymond James and Covestor Ltd, significantly increased their positions in Domino's Pizza during the last quarter, with 94.63% of the stock now owned by institutional investors and hedge funds.
• Analysts have raised their price targets for Domino's Pizza, with the consensus rating being "Moderate Buy" and an average target price of $489.67.

Harfst & Associates Inc. purchased a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,465 shares of the restaurant operator's stock, valued at approximately $673,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HighPoint Advisor Group LLC boosted its stake in shares of Domino's Pizza by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock valued at $332,000 after buying an additional 21 shares during the last quarter. AGP Franklin LLC boosted its stake in shares of Domino's Pizza by 0.4% during the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after buying an additional 21 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Domino's Pizza by 16.0% during the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock valued at $85,000 after buying an additional 24 shares during the last quarter. Lodestone Wealth Management LLC boosted its stake in shares of Domino's Pizza by 4.4% during the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock valued at $270,000 after buying an additional 25 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Domino's Pizza by 1.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock valued at $1,094,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Analysts Set New Price Targets

DPZ has been the subject of several research analyst reports. Benchmark increased their target price on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Citigroup raised their price objective on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Wells Fargo & Company raised their price objective on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Finally, UBS Group restated a "buy" rating and set a $540.00 price objective on shares of Domino's Pizza in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $489.67.

Domino's Pizza Stock Up 1.6%

DPZ stock traded up $7.16 during mid-day trading on Tuesday, reaching $452.01. The company had a trading volume of 194,752 shares, compared to its average volume of 642,689. The stock has a market capitalization of $15.35 billion, a P/E ratio of 26.21, a P/E/G ratio of 2.47 and a beta of 1.09. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $500.55. The stock's 50-day simple moving average is $458.15 and its two-hundred day simple moving average is $465.50.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. Domino's Pizza's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business posted $4.03 earnings per share. On average, research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is 40.42%.

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.