IPG Investment Advisors LLC Takes Position in Domino's Pizza Inc (NASDAQ:DPZ)

Key Points

• IPG Investment Advisors LLC acquired 600 shares of Domino's Pizza Inc, valued at approximately $276,000, during the first quarter.
• Domino's Pizza recently reported an earnings per share (EPS) of $3.81 for the quarter, missing expectations by $0.12, while revenue increased by 4.3% year-over-year.
• Analysts maintain an average rating of "Moderate Buy" for Domino's Pizza, with a consensus price target of $489.67.

IPG Investment Advisors LLC acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 600 shares of the restaurant operator's stock, valued at approximately $276,000.

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

Domino's Pizza Price Performance

DPZ stock traded down $2.38 on Friday, reaching $440.04. The company's stock had a trading volume of 469,064 shares, compared to its average volume of 793,623. Domino's Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55. The company has a market capitalization of $14.94 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.43 and a beta of 1.09. The firm has a fifty day moving average of $460.41 and a two-hundred day moving average of $464.82.

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

Domino's Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, September 15th. Domino's Pizza's dividend payout ratio (DPR) is presently 40.42%.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of research analyst reports. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Argus restated a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Tuesday, April 29th. Barclays boosted their price objective on Domino's Pizza from $420.00 to $425.00 and gave the stock an "underweight" rating in a research note on Monday, July 21st. Finally, Royal Bank Of Canada cut Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $500.00 in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $489.67.

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.