PNC Financial Services Group Inc. lifted its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 6.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,707 shares of the restaurant operator's stock after purchasing an additional 653 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Domino's Pizza were worth $4,919,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in Domino's Pizza during the first quarter valued at $25,000. LRI Investments LLC bought a new position in shares of Domino's Pizza during the first quarter valued at $27,000. Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza during the fourth quarter valued at $25,000. Covestor Ltd raised its position in shares of Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares during the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Domino's Pizza in the 4th quarter worth about $53,000. 94.63% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
DPZ has been the subject of a number of analyst reports. Melius assumed coverage on shares of Domino's Pizza in a research note on Monday, July 14th. They set a "hold" rating and a $500.00 price objective for the company. UBS Group reissued a "buy" rating and set a $540.00 price target on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Bank of America upped their price objective 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. Guggenheim reiterated a "neutral" rating on shares of Domino's Pizza in a research note on Thursday, May 15th. Finally, Citigroup boosted their price target on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $489.67.
Read Our Latest Stock Analysis on Domino's Pizza
Domino's Pizza Stock Performance
NASDAQ:DPZ opened at $443.78 on Thursday. The stock has a 50-day simple moving average of $461.70 and a two-hundred day simple moving average of $464.72. The firm has a market capitalization of $15.07 billion, a PE ratio of 25.77, a P/E/G ratio of 2.45 and a beta of 1.09. Domino's Pizza Inc has a 52-week low of $396.06 and a 52-week high of $500.55.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.14 billion. Domino's Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $4.03 earnings per share. Equities analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.
Domino's Pizza Dividend Announcement
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 issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino's Pizza's payout ratio is currently 40.42%.
Domino's Pizza Company Profile
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Domino's Pizza, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Domino's Pizza wasn't on the list.
While Domino's Pizza currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
