Sowell Financial Services LLC Invests $282,000 in Domino's Pizza Inc (NASDAQ:DPZ)

Sowell Financial Services LLC acquired a new stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 615 shares of the restaurant operator's stock, valued at approximately $282,000.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. lifted its holdings in Domino's Pizza by 3.3% in the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator's stock valued at $452,000 after acquiring an additional 34 shares during the period. Allworth Financial LP boosted its position in Domino's Pizza by 37.6% during the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock worth $66,000 after purchasing an additional 41 shares in the last quarter. CIBC Asset Management Inc boosted its position in Domino's Pizza by 3.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,271 shares of the restaurant operator's stock worth $2,213,000 after purchasing an additional 178 shares in the last quarter. D.A. Davidson & CO. boosted its position in Domino's Pizza by 9.2% during the fourth quarter. D.A. Davidson & CO. now owns 4,928 shares of the restaurant operator's stock worth $2,069,000 after purchasing an additional 415 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in Domino's Pizza by 4.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,724 shares of the restaurant operator's stock worth $724,000 after purchasing an additional 80 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Domino's Pizza Price Performance

Shares of NASDAQ DPZ traded up $10.33 during midday trading on Monday, hitting $457.61. The company's stock had a trading volume of 538,667 shares, compared to its average volume of 636,846. The firm has a market capitalization of $15.67 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. The business's fifty day simple moving average is $473.98 and its two-hundred day simple moving average is $457.76. Domino's Pizza Inc has a 1 year low of $396.06 and a 1 year high of $535.26.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.84% and a negative return on equity of 15.45%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the company posted $3.58 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued 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 yield of 1.52%. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insider Activity at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now owns 8,756 shares of the company's stock, valued at $4,046,848.08. This represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Guggenheim reissued a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. Citigroup increased their target price on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Royal Bank Of Canada increased their target price on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Robert W. Baird increased their target price on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, TD Cowen reaffirmed a "buy" rating and issued a $490.00 price target on shares of Domino's Pizza in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $487.17.

Domino's Pizza 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.