Summit Trail Advisors LLC Increases Position in Domino's Pizza Inc (NASDAQ:DPZ)

Summit Trail Advisors LLC increased its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 157.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,597 shares of the restaurant operator's stock after purchasing an additional 976 shares during the quarter. Summit Trail Advisors LLC's holdings in Domino's Pizza were worth $734,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza during the 4th quarter valued at about $25,000. Alpine Bank Wealth Management bought a new stake in shares of Domino's Pizza in the first quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its position in shares of Domino's Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares in the last quarter. Covestor Ltd boosted its stake 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 buying an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Up 0.5%

DPZ traded up $2.06 on Friday, reaching $456.00. 390,501 shares of the company traded hands, compared to its average volume of 641,754. The company has a market cap of $15.61 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $509.09. The firm has a fifty day simple moving average of $470.41 and a two-hundred day simple moving average of $457.61.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $3.58 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, June 13th. Domino's Pizza's payout ratio is 39.91%.

Analyst Upgrades and Downgrades

DPZ has been the topic of several recent research reports. Redburn Atlantic started coverage on Domino's Pizza in a report on Tuesday, June 10th. They set a "sell" rating and a $340.00 price objective on the stock. Benchmark upped their price target on shares of Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. BTIG Research set a $530.00 price objective on shares of Domino's Pizza and gave the company a "buy" rating in a research report on Monday, April 28th. Morgan Stanley lifted their price objective on shares of Domino's Pizza from $492.00 to $510.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 29th. Finally, Argus restated a "hold" rating and set a $490.00 target price on shares of Domino's Pizza in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and a consensus price target of $487.17.

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.