Wealth Enhancement Advisory Services LLC Boosts Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

Wealth Enhancement Advisory Services LLC increased its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 6.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,200 shares of the restaurant operator’s stock after purchasing an additional 262 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Domino’s Pizza were worth $2,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC increased its position in Domino’s Pizza by 9.7% in the 4th quarter. CWM LLC now owns 1,177 shares of the restaurant operator’s stock valued at $485,000 after acquiring an additional 104 shares during the period. Tritonpoint Wealth LLC acquired a new position in Domino’s Pizza in the 4th quarter valued at about $1,980,000. Nisa Investment Advisors LLC increased its position in Domino’s Pizza by 353.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock valued at $1,686,000 after acquiring an additional 3,189 shares during the period. Steward Partners Investment Advisory LLC increased its position in Domino’s Pizza by 0.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,007 shares of the restaurant operator’s stock valued at $2,064,000 after acquiring an additional 39 shares during the period. Finally, International Assets Investment Management LLC increased its position in Domino’s Pizza by 39,287.9% in the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after acquiring an additional 498,170 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 1.0 %

DPZ stock opened at $497.33 on Friday. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 2.43 and a beta of 0.87. The business has a fifty day simple moving average of $516.37 and a 200-day simple moving average of $468.40. Domino’s Pizza, Inc. has a 52 week low of $328.03 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.93 EPS. As a group, analysts expect that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $1.51 dividend. The ex-dividend date was Friday, June 14th. This represents a $6.04 annualized dividend and a yield of 1.21%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DPZ shares. Jefferies Financial Group boosted their price target on Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. BMO Capital Markets boosted their target price on Domino’s Pizza from $535.00 to $575.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Domino’s Pizza from $555.00 to $580.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Morgan Stanley boosted their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Evercore ISI boosted their target price on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $525.66.

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.