Merit Financial Group LLC Raises Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Merit Financial Group LLC lifted its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 88.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,591 shares of the restaurant operator's stock after purchasing an additional 747 shares during the quarter. Merit Financial Group LLC's holdings in Domino's Pizza were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Sherman Asset Management Inc. bought a new position in shares of Domino's Pizza during the 4th quarter valued at $25,000. Wood Tarver Financial Group LLC bought a new stake in shares of Domino's Pizza in the fourth quarter worth $25,000. Brown Brothers Harriman & Co. increased its position in Domino's Pizza by 1,016.7% during the fourth 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 increased its position in Domino's Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted 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 acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Price Performance

Domino's Pizza stock opened at $468.21 on Monday. Domino's Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $538.44. The firm's 50 day moving average price is $473.47 and its 200-day moving average price is $458.79. The stock has a market cap of $16.03 billion, a P/E ratio of 28.76, a PEG ratio of 2.47 and a beta of 1.11.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $3.58 EPS. Domino's Pizza's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities analysts expect that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. Domino's Pizza's dividend payout ratio is currently 39.91%.

Insider Activity at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the transaction, the chief financial officer now directly owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. The trade was a 11.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Securities reaffirmed a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a research report on Monday, April 28th. Guggenheim reaffirmed a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Morgan Stanley increased their price target on shares of Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 29th. 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 report on Tuesday, April 29th. Finally, BTIG Research set a $530.00 price objective on Domino's Pizza and gave the stock a "buy" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $498.50.

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.

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