Domino’s Pizza Inc $DPZ Stock Holdings Increased by Steward Partners Investment Advisory LLC

by · The Cerbat Gem

Steward Partners Investment Advisory LLC raised its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,780 shares of the restaurant operator’s stock after buying an additional 180 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Domino’s Pizza were worth $2,605,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DPZ. Avantax Advisory Services Inc. lifted its position in shares of Domino’s Pizza by 29.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,080 shares of the restaurant operator’s stock valued at $496,000 after acquiring an additional 247 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Domino’s Pizza by 10.8% during the first quarter. Cetera Investment Advisers now owns 14,216 shares of the restaurant operator’s stock worth $6,531,000 after purchasing an additional 1,388 shares during the period. LPL Financial LLC lifted its holdings in shares of Domino’s Pizza by 29.0% during the first quarter. LPL Financial LLC now owns 49,876 shares of the restaurant operator’s stock valued at $22,915,000 after purchasing an additional 11,214 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Domino’s Pizza by 7.8% in the 1st quarter. Mackenzie Financial Corp now owns 4,115 shares of the restaurant operator’s stock valued at $1,891,000 after purchasing an additional 299 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of Domino’s Pizza by 17.9% in the 1st quarter. Arkadios Wealth Advisors now owns 974 shares of the restaurant operator’s stock valued at $448,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $419.76 on Friday. The company has a market capitalization of $14.18 billion, a PE ratio of 24.53, a PEG ratio of 2.15 and a beta of 1.09. The company’s 50 day moving average price is $414.19 and its 200 day moving average price is $444.74. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last released its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $4.19 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be paid a $1.74 dividend. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino’s Pizza’s payout ratio is 40.68%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank Of Canada cut their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Mizuho raised shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. Morgan Stanley upped their price target on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Jefferies Financial Group decreased their price objective on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, Guggenheim boosted their target price on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $490.40.

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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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