Tributary Capital Management LLC Takes $759,000 Position in Domino's Pizza Inc (NASDAQ:DPZ)

Tributary Capital Management LLC bought a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,653 shares of the restaurant operator's stock, valued at approximately $759,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC boosted its holdings in shares of Domino's Pizza by 24.3% in the 1st quarter. Larson Financial Group LLC now owns 1,264 shares of the restaurant operator's stock worth $581,000 after purchasing an additional 247 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of Domino's Pizza by 1.6% during the 1st quarter. Wealthfront Advisers LLC now owns 5,384 shares of the restaurant operator's stock worth $2,474,000 after acquiring an additional 86 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Domino's Pizza during the 1st quarter worth approximately $27,000. Stephens Investment Management Group LLC lifted its stake in shares of Domino's Pizza by 8.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 202,623 shares of the restaurant operator's stock worth $93,095,000 after acquiring an additional 14,998 shares during the last quarter. Finally, Freedom Day Solutions LLC lifted its stake in shares of Domino's Pizza by 0.9% during the 1st quarter. Freedom Day Solutions LLC now owns 6,263 shares of the restaurant operator's stock worth $2,877,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

NASDAQ:DPZ traded down $2.75 during mid-day trading on Friday, hitting $465.95. 1,159,367 shares of the company's stock traded hands, compared to its average volume of 642,430. The company has a fifty day moving average of $466.40 and a 200 day moving average of $459.93. Domino's Pizza Inc has a twelve month low of $396.06 and a twelve month high of $500.55. The company has a market capitalization of $15.95 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.65 and a beta of 1.09.

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. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.58 EPS. On average, research analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Friday, June 13th. Domino's Pizza's dividend payout ratio is presently 39.91%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DPZ shares. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, April 22nd. Barclays decreased their price target on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Stephens reissued an "equal weight" rating and set a $440.00 price target on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Benchmark raised their price target on Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Melius initiated coverage on Domino's Pizza in a research report on Monday. They set a "hold" rating and a $500.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Domino's Pizza has an average rating of "Moderate Buy" and a consensus price target of $487.84.

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.