Raymond James & Associates Has $6.68 Million Position in Domino’s Pizza, Inc. (DPZ)
Raymond James & Associates lifted its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,927 shares of the restaurant operator’s stock after purchasing an additional 1,809 shares during the quarter. Raymond James & Associates owned 0.06% of Domino’s Pizza worth $6,678,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Domino’s Pizza by 613.3% during the 4th quarter. CWM LLC now owns 107 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 92 shares during the period. Ffcm LLC raised its stake in shares of Domino’s Pizza by 91.1% during the 4th quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 82 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at $89,000. Edgestream Partners L.P. bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $223,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $241,000. Institutional investors own 92.07% of the company’s stock.
Shares of NYSE DPZ opened at $247.25 on Friday. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.74 and a beta of 0.57. Domino’s Pizza, Inc. has a twelve month low of $225.25 and a twelve month high of $305.34.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be issued a $0.65 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $0.55. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 26.13%.
A number of research firms recently issued reports on DPZ. Wells Fargo & Co boosted their price objective on Domino’s Pizza from $238.00 to $263.00 and gave the company a “market perform” rating in a research note on Thursday, February 14th. They noted that the move was a valuation call. Robert W. Baird boosted their price objective on Domino’s Pizza from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Tuesday, February 19th. UBS Group set a $285.00 price objective on Domino’s Pizza and gave the company a “hold” rating in a research note on Sunday, January 20th. Maxim Group reiterated a “buy” rating and set a $310.00 price objective on shares of Domino’s Pizza in a research note on Friday, January 18th. Finally, BTIG Research upped their target price on Domino’s Pizza to $335.00 and gave the stock a “buy” rating in a research note on Friday, January 18th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $286.90.
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Domino’s Pizza Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
Further Reading: Cash Flow
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