Domino's Pizza Inc (NASDAQ:DPZ) Shares Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in Domino's Pizza by 65.4%, owning 1,474 shares valued at $678,000 as of its last SEC filing.
• Domino's Pizza reported $3.81 earnings per share for its recent quarter, missing estimates by $0.12, while revenue was up 4.3% year-over-year.
• The company announced a quarterly dividend of $1.74, yielding 1.46%, to be paid on September 30th to shareholders on record as of September 15th.

HB Wealth Management LLC lifted its stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 65.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,474 shares of the restaurant operator's stock after acquiring an additional 583 shares during the quarter. HB Wealth Management LLC's holdings in Domino's Pizza were worth $678,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Praxis Investment Management Inc. bought a new position in shares of Domino's Pizza during the first quarter valued at approximately $414,000. Sowell Financial Services LLC acquired a new stake in Domino's Pizza in the first quarter valued at approximately $282,000. Merit Financial Group LLC boosted its stake in Domino's Pizza by 88.5% in the first quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator's stock valued at $731,000 after acquiring an additional 747 shares in the last quarter. GAMMA Investing LLC boosted its stake in Domino's Pizza by 53,740.4% in the first quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after acquiring an additional 259,566 shares in the last quarter. Finally, Cornerstone Wealth Group LLC boosted its stake in Domino's Pizza by 41.0% in the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock valued at $9,381,000 after acquiring an additional 5,939 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Trading Down 0.0%

DPZ traded down $0.15 on Monday, reaching $466.03. The stock had a trading volume of 258,488 shares, compared to its average volume of 645,423. The business's 50-day moving average price is $463.49 and its two-hundred day moving average price is $464.71. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The company has a market cap of $15.82 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $4.03 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino's Pizza's payout ratio is presently 40.42%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Benchmark raised their target price on shares of Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Barclays raised their target price on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Monday, July 21st. Argus reaffirmed a "hold" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Tuesday, April 29th. Finally, UBS Group reaffirmed a "buy" rating and issued a $540.00 price target on shares of Domino's Pizza in a report on Tuesday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average target price of $489.67.

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.