Creative Planning Raises Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Creative Planning boosted its position in Domino’s Pizza, Inc. (NYSE:DPZ) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,597 shares of the restaurant operator’s stock after purchasing an additional 244 shares during the period. Creative Planning’s holdings in Domino’s Pizza were worth $1,341,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after buying an additional 222,949 shares during the period. Coatue Management LLC bought a new stake in Domino’s Pizza in the 4th quarter valued at about $322,859,000. Marshfield Associates lifted its holdings in Domino’s Pizza by 0.3% during the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after purchasing an additional 2,271 shares during the last quarter. TD Asset Management Inc boosted its position in Domino’s Pizza by 27.8% during the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after purchasing an additional 138,224 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DPZ shares. Benchmark cut their price objective on shares of Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Wedbush cut their price target on Domino’s Pizza from $510.00 to $470.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Morgan Stanley boosted their price objective on Domino’s Pizza from $515.00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. raised their target price on Domino’s Pizza from $450.00 to $470.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Loop Capital reissued a “hold” rating and issued a $419.00 price target on shares of Domino’s Pizza in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $504.03.

Domino’s Pizza Trading Up 0.3 %

Shares of NYSE DPZ opened at $411.21 on Wednesday. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.21 and a beta of 0.86. The stock’s 50-day moving average is $422.29 and its 200 day moving average is $470.64. Domino’s Pizza, Inc. has a 1-year low of $332.13 and a 1-year high of $542.75.

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

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, September 13th. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Domino’s Pizza 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.