Domino’s Pizza Inc $DPZ Stock: Precedent Wealth Partners LLC Increases Position

Precedent Wealth Partners LLC lifted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 39.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,646 shares of the restaurant operator’s stock after purchasing an additional 1,607 shares during the period. Precedent Wealth Partners LLC’s holdings in Domino’s Pizza were worth $1,692,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DPZ. CoreCap Advisors LLC increased its holdings in Domino’s Pizza by 17.0% in the third quarter. CoreCap Advisors LLC now owns 262 shares of the restaurant operator’s stock valued at $79,000 after buying an additional 38 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Domino’s Pizza by 121.6% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 82 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 45 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Domino’s Pizza by 5.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock valued at $287,000 after acquiring an additional 50 shares during the period. Patton Fund Management Inc. boosted its stake in shares of Domino’s Pizza by 10.4% during the 1st quarter. Patton Fund Management Inc. now owns 565 shares of the restaurant operator’s stock worth $203,000 after acquiring an additional 53 shares in the last quarter. Finally, SHP Wealth Management purchased a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Oppenheimer lowered their price target on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating on the stock in a report on Tuesday, July 21st. Loop Capital reiterated a “hold” rating and set a $353.00 target price on shares of Domino’s Pizza in a research report on Monday, August 10th. Robert W. Baird decreased their target price on Domino’s Pizza from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Gordon Haskett lowered Domino’s Pizza from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 14th. Finally, Citigroup dropped their price target on Domino’s Pizza from $335.00 to $308.00 and set a “neutral” rating for the company in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $380.87.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $317.70 on Friday. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $442.35. The business has a 50 day moving average price of $317.51 and a 200 day moving average price of $324.93. The company has a market capitalization of $10.45 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.44 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, beating analysts’ consensus estimates of $4.33 by $0.27. The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 EPS. As a group, research analysts expect that Domino’s Pizza Inc will post 19.04 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, December 15th. Domino’s Pizza’s dividend payout ratio is presently 43.86%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.

The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.

Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.