Wealth Enhancement Advisory Services LLC Increases Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Wealth Enhancement Advisory Services LLC lifted its position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 207.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,208 shares of the restaurant operator's stock after purchasing an additional 20,379 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.09% of Domino's Pizza worth $13,880,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Sherman Asset Management Inc. purchased a new stake in Domino's Pizza in the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new stake in Domino's Pizza in the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. boosted its position in Domino's Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd boosted its position in Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DPZ. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Guggenheim reissued a "neutral" rating on shares of Domino's Pizza in a report on Thursday, May 15th. BTIG Research set a $530.00 price objective on Domino's Pizza and gave the company a "buy" rating in a report on Monday, April 28th. Morgan Stanley raised their price objective on Domino's Pizza from $492.00 to $510.00 and gave the company an "overweight" rating in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada raised their price objective on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $487.17.

Domino's Pizza Stock Performance

Shares of DPZ opened at $447.28 on Monday. Domino's Pizza Inc has a one year low of $396.06 and a one year high of $535.26. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.54 and a beta of 1.11. The stock has a 50 day moving average price of $473.98 and a 200 day moving average price of $457.76.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.58 earnings per share. On average, analysts predict that Domino's Pizza Inc will post 16.74 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is currently 39.91%.

Insiders Place Their Bets

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

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.

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