IFP Advisors Inc lifted its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 50.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,546 shares of the restaurant operator's stock after purchasing an additional 1,861 shares during the period. IFP Advisors Inc's holdings in Domino's Pizza were worth $2,331,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. KG&L Capital Management LLC raised its stake in Domino's Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock valued at $724,000 after acquiring an additional 23 shares during the period. Greenleaf Trust raised its stake in Domino's Pizza by 3.1% in the 4th quarter. Greenleaf Trust now owns 854 shares of the restaurant operator's stock valued at $358,000 after acquiring an additional 26 shares during the period. Stephens Inc. AR raised its stake in Domino's Pizza by 1.3% in the 4th quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator's stock valued at $1,013,000 after acquiring an additional 31 shares during the period. Principal Securities Inc. raised its stake in Domino's Pizza by 3.3% in the 4th 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. Finally, Shepherd Financial Partners LLC raised its stake in Domino's Pizza by 2.0% in the 3rd quarter. Shepherd Financial Partners LLC now owns 2,006 shares of the restaurant operator's stock valued at $863,000 after acquiring an additional 40 shares during the period. Institutional investors own 94.63% of the company's stock.
Domino's Pizza Stock Performance
Domino's Pizza stock traded up $7.43 during midday trading on Friday, hitting $489.71. 634,243 shares of the company's stock were exchanged, compared to its average volume of 616,201. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The stock has a 50-day moving average price of $444.92 and a two-hundred day moving average price of $436.29. The company has a market cap of $16.80 billion, a P/E ratio of 30.08, a PEG ratio of 2.47 and a beta of 0.90.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the previous year, the firm earned $4.48 earnings per share. Domino's Pizza's quarterly revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Domino's Pizza, Inc. will post 16.74 earnings per share for the current year.
Domino's Pizza Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. This is a boost from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, March 14th. Domino's Pizza's dividend payout ratio is presently 41.70%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on DPZ. Robert W. Baird decreased their price objective on Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating on the stock in a report on Tuesday. TD Cowen reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a report on Monday, February 24th. Oppenheimer upped their price objective on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. TD Securities reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a report on Monday, February 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Domino's Pizza in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $503.41.
Check Out Our Latest Research Report on Domino's Pizza
Domino's Pizza Company Profile
(
Free Report)
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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