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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new position in shares of Domino's Pizza during the 4th quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in Domino's Pizza in the 1st quarter valued at $25,000. Brown Brothers Harriman & Co. raised its holdings in Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 61 shares during the last quarter. Covestor Ltd grew its stake in shares of Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded down $5.44 on Friday, reaching $464.48. 421,654 shares of the company were exchanged, compared to its average volume of 640,957. The company's 50-day moving average is $467.18 and its two-hundred day moving average is $458.84. The firm has a market cap of $15.90 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 2.67 and a beta of 1.09. Domino's Pizza Inc has a 1-year low of $396.06 and a 1-year high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.58 EPS. As a group, sell-side analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $1.74 dividend. 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 dividend payout ratio is currently 39.91%.

Analysts Set New Price Targets

DPZ has been the subject of several research reports. Bank of America boosted their price objective on shares of Domino's Pizza from $520.00 to $549.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Argus reaffirmed a "hold" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Tuesday, April 29th. Barclays decreased their price target on shares of Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price objective on shares of Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Finally, TD Securities reissued a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, April 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $487.33.

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.