Liberty One Investment Management LLC Makes New Investment in Domino's Pizza Inc (NASDAQ:DPZ)

Liberty One Investment Management LLC bought a new position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,436 shares of the restaurant operator's stock, valued at approximately $4,795,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new stake in Domino's Pizza during the fourth quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in Domino's Pizza in the first quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its holdings in Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 61 shares during the period. Covestor Ltd grew its holdings in Domino's Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after purchasing an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 26 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DPZ has been the topic of several research analyst reports. TD Securities reissued a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a report on Monday, April 28th. Stephens restated an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Argus restated a "hold" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 29th. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Morgan Stanley raised their target price on Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a research report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $487.17.

Domino's Pizza Stock Up 0.9%

DPZ traded up $4.05 on Wednesday, hitting $463.48. 571,518 shares of the company traded hands, compared to its average volume of 641,555. The company has a 50 day moving average of $467.81 and a 200-day moving average of $458.31. The stock has a market capitalization of $15.87 billion, a PE ratio of 26.58, a PEG ratio of 2.61 and a beta of 1.09. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the previous year, the firm posted $3.58 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, June 13th. Domino's Pizza's payout ratio is 39.91%.

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.