IFP Advisors Inc Acquires 4,051 Shares of Domino's Pizza Inc (NASDAQ:DPZ)

IFP Advisors Inc boosted its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 73.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,597 shares of the restaurant operator's stock after buying an additional 4,051 shares during the period. IFP Advisors Inc's holdings in Domino's Pizza were worth $4,413,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc increased its position in shares of Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock valued at $999,868,000 after purchasing an additional 1,104,744 shares during the period. Principal Financial Group Inc. increased its position in shares of Domino's Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock valued at $799,897,000 after purchasing an additional 53,124 shares during the period. Geode Capital Management LLC increased its position in shares of Domino's Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator's stock valued at $403,203,000 after purchasing an additional 92,389 shares during the period. Invesco Ltd. increased its position in shares of Domino's Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock valued at $255,649,000 after purchasing an additional 191,752 shares during the period. Finally, Norges Bank bought a new stake in shares of Domino's Pizza during the fourth quarter valued at approximately $250,571,000. 94.63% of the stock is owned by institutional investors.

Domino's Pizza Stock Down 0.6%

Shares of DPZ opened at $465.95 on Monday. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55. The firm has a market capitalization of $15.95 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 2.63 and a beta of 1.09. The stock's fifty day simple moving average is $466.13 and its 200-day simple moving average is $460.71.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued 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 negative return on equity of 15.45% and a net margin of 12.84%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $3.58 earnings per share. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, June 13th. Domino's Pizza's payout ratio is 39.91%.

Analysts Set New Price Targets

A number of analysts have weighed in on DPZ shares. Redburn Atlantic started coverage on Domino's Pizza in a research report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price target on the stock. Bank of America upped their price target on Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Loop Capital upped their price target on Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $550.00 price target on shares of Domino's Pizza in a research report on Monday, July 14th. Finally, Stephens reiterated an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $487.84.

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.

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