Raymond James Financial Inc. Has $40.35 Million Position in Domino's Pizza Inc $DPZ

Key Points

• Raymond James Financial Inc. increased its stake in Domino's Pizza by 13.1%, now owning 87,823 shares valued at approximately $40.35 million.
• Institutional investors hold a significant share of Domino's Pizza, owning 94.63% of the company's stock.
• Domino's recently declared a quarterly dividend of $1.74 per share, representing an annual yield of 1.5%.

Raymond James Financial Inc. increased its holdings in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,823 shares of the restaurant operator's stock after acquiring an additional 10,179 shares during the quarter. Raymond James Financial Inc. owned approximately 0.26% of Domino's Pizza worth $40,350,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DPZ. HighPoint Advisor Group LLC lifted its position in shares of Domino's Pizza by 3.2% during the first quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock worth $332,000 after purchasing an additional 21 shares during the last quarter. AGP Franklin LLC raised its stake in Domino's Pizza by 0.4% during the first quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after buying an additional 21 shares in the last quarter. Allworth Financial LP lifted its holdings in Domino's Pizza by 16.0% during the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock worth $85,000 after buying an additional 24 shares during the last quarter. Lodestone Wealth Management LLC grew its position in shares of Domino's Pizza by 4.4% in the 1st quarter. Lodestone Wealth Management LLC now owns 587 shares of the restaurant operator's stock worth $270,000 after acquiring an additional 25 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Domino's Pizza by 1.1% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,382 shares of the restaurant operator's stock worth $1,094,000 after acquiring an additional 25 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Domino's Pizza news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director directly owned 3,384 shares of the company's stock, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DPZ. Barclays lifted their price target on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a report on Monday, July 21st. Benchmark lifted their target price on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their price target on Domino's Pizza from $465.00 to $490.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Guggenheim raised their price target on Domino's Pizza from $485.00 to $490.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Redburn Atlantic started coverage on shares of Domino's Pizza in a report on Tuesday, June 10th. They issued a "sell" rating and a $340.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $490.78.

Domino's Pizza Trading Down 0.4%

Shares of Domino's Pizza stock traded down $1.81 on Thursday, reaching $450.74. 72,867 shares of the company were exchanged, compared to its average volume of 647,704. The stock has a fifty day moving average price of $457.95 and a 200-day moving average price of $464.88. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. Domino's Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

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

Domino's Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.5%. Domino's Pizza's dividend payout ratio (DPR) is 40.42%.

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.