Creative Planning raised its holdings in shares of Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,918 shares of the restaurant operator’s stock after purchasing an additional 85 shares during the quarter. Creative Planning’s holdings in Domino’s Pizza were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. lifted its holdings in shares of Domino’s Pizza by 281.0% in the first quarter. MV Capital Management Inc. now owns 80 shares of the restaurant operator’s stock worth $26,000 after buying an additional 59 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in Domino’s Pizza in the first quarter valued at approximately $30,000. KB Financial Partners LLC purchased a new stake in Domino’s Pizza in the first quarter valued at approximately $32,000. OLD Mission Capital LLC purchased a new stake in Domino’s Pizza in the fourth quarter valued at approximately $42,000. Finally, Private Trust Co. NA raised its stake in Domino’s Pizza by 58.8% in the first quarter. Private Trust Co. NA now owns 135 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 50 shares in the last quarter. 92.27% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
DPZ has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Domino’s Pizza in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Stifel Nicolaus increased their price target on shares of Domino’s Pizza from $350.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $440.00 to $435.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th. Wells Fargo & Company increased their price target on shares of Domino’s Pizza from $310.00 to $375.00 in a research report on Thursday, July 13th. Finally, Piper Sandler reduced their price target on shares of Domino’s Pizza from $409.00 to $401.00 and set an “overweight” rating on the stock in a research report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $396.92.
Domino’s Pizza Price Performance
Shares of NYSE DPZ opened at $350.49 on Wednesday. The stock has a market capitalization of $12.30 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84. Domino’s Pizza, Inc. has a 1-year low of $285.84 and a 1-year high of $409.95. The business has a fifty day moving average price of $380.73 and a 200 day moving average price of $350.43.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last released its quarterly earnings results on Thursday, October 12th. The restaurant operator reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.87. Domino’s Pizza had a negative return on equity of 11.24% and a net margin of 10.49%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the business posted $2.79 earnings per share. The firm’s revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Domino’s Pizza, Inc. will post 13.74 earnings per share for the current fiscal year.
Domino’s Pizza Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, December 14th. Domino’s Pizza’s payout ratio is currently 33.11%.
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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