Sequoia Financial Advisors LLC Raises Stake in Domino's Pizza Inc $DPZ

Key Points

• Sequoia Financial Advisors LLC increased its stake in Domino's Pizza Inc by 77.9% in Q2, holding 1,653 shares valued at $745,000.
• Several analysts expressed positive sentiments towards DPZ, with target price increases and a consensus rating of "Moderate Buy".
• Domino's Pizza announced a quarterly dividend of $1.74 per share, with an annualized yield of 1.7%, to be paid on December 26th.

Sequoia Financial Advisors LLC lifted its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 77.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,653 shares of the restaurant operator's stock after buying an additional 724 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Domino's Pizza were worth $745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Praxis Investment Management Inc. acquired a new stake in shares of Domino's Pizza in the first quarter worth approximately $414,000. Sowell Financial Services LLC acquired a new stake in shares of Domino's Pizza in the first quarter worth approximately $282,000. Cornerstone Wealth Group LLC boosted its position in shares of Domino's Pizza by 41.0% in the first quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator's stock worth $9,381,000 after acquiring an additional 5,939 shares during the last quarter. Value Partners Investments Inc. boosted its position in shares of Domino's Pizza by 317.4% in the first quarter. Value Partners Investments Inc. now owns 7,397 shares of the restaurant operator's stock worth $3,401,000 after acquiring an additional 5,625 shares during the last quarter. Finally, Impax Asset Management Group plc acquired a new stake in shares of Domino's Pizza in the first quarter worth approximately $633,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DPZ shares. UBS Group reissued a "buy" rating and issued a $540.00 target price on shares of Domino's Pizza in a research report on Tuesday, July 22nd. Loop Capital raised their target price on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley raised their target price on shares of Domino's Pizza from $520.00 to $535.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Benchmark raised their target price on shares of Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Finally, Sanford C. Bernstein lifted their price target on shares of Domino's Pizza from $460.00 to $490.00 and gave the company a "market perform" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $489.92.

Insider Activity

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

Domino's Pizza Stock Down 0.2%

Shares of DPZ stock opened at $416.26 on Friday. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 2.20 and a beta of 1.12. Domino's Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The firm's 50 day moving average price is $439.25 and its two-hundred day moving average price is $457.38.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating analysts' consensus estimates of $3.96 by $0.12. The firm 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 12.16% and a negative return on equity of 14.91%. Domino's Pizza's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.19 earnings per share. On average, equities analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino's Pizza's dividend payout ratio (DPR) is currently 40.68%.

Domino's Pizza Company 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.

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