Asset Management Group Inc. Boosts Stock Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Asset Management Group Inc. boosted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,100 shares of the restaurant operator’s stock after purchasing an additional 396 shares during the period. Domino’s Pizza comprises 1.8% of Asset Management Group Inc.’s investment portfolio, making the stock its 18th largest position. Asset Management Group Inc. owned 0.05% of Domino’s Pizza worth $9,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its holdings in shares of Domino’s Pizza by 7.3% during the fourth quarter. Gilbert & Cook Inc. now owns 1,488 shares of the restaurant operator’s stock worth $613,000 after purchasing an additional 101 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Domino’s Pizza by 9.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 962 shares of the restaurant operator’s stock worth $397,000 after buying an additional 81 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Domino’s Pizza by 3.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,142 shares of the restaurant operator’s stock worth $1,296,000 after buying an additional 98 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Domino’s Pizza by 41.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 33 shares during the period. Finally, Level Four Advisory Services LLC raised its holdings in shares of Domino’s Pizza by 10.7% during the fourth quarter. Level Four Advisory Services LLC now owns 609 shares of the restaurant operator’s stock valued at $251,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wedbush restated an “outperform” rating and issued a $575.00 price objective on shares of Domino’s Pizza in a report on Monday, July 15th. Robert W. Baird decreased their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research note on Thursday, September 12th. TD Cowen decreased their target price on Domino’s Pizza from $520.00 to $475.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. Finally, Barclays decreased their price target on shares of Domino’s Pizza from $470.00 to $380.00 and set an “underweight” rating for the company in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $507.93.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $414.42 on Friday. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75. The firm has a fifty day moving average price of $425.01 and a 200-day moving average price of $472.37. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.14 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business posted $3.08 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.46%. Domino’s Pizza’s payout ratio is currently 39.43%.

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.