Soltis Investment Advisors LLC Has $2.72 Million Stock Position in Domino’s Pizza Inc $DPZ

by · The Cerbat Gem

Soltis Investment Advisors LLC increased its stake in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 1,212.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,036 shares of the restaurant operator’s stock after buying an additional 5,576 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Domino’s Pizza were worth $2,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DPZ. RMG Wealth Management LLC bought a new stake in shares of Domino’s Pizza in the 2nd quarter valued at about $25,000. LRI Investments LLC bought a new stake in Domino’s Pizza in the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new position in shares of Domino’s Pizza during the 2nd quarter worth approximately $29,000. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in Domino’s Pizza in the 2nd quarter valued at $31,000. 94.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director directly owned 3,384 shares of the company’s stock, valued at $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $400.41 on Thursday. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.15 and a beta of 1.12. Domino’s Pizza Inc has a fifty-two week low of $392.89 and a fifty-two week high of $500.55. The stock has a fifty day moving average price of $429.49 and a 200-day moving average price of $453.40.

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

Domino’s Pizza Dividend Announcement

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

Analysts Set New Price Targets

DPZ has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Loop Capital upped their price target on shares of Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. TD Cowen restated a “buy” rating and set a $510.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, October 14th. Sanford C. Bernstein upped their target price on Domino’s Pizza from $460.00 to $490.00 and gave the company a “market perform” rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada dropped their price target on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating for the company in a report on Wednesday, October 15th. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $490.32.

Read Our Latest Stock Report on DPZ

About Domino’s Pizza

(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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