Steward Partners Investment Advisory LLC Increases Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Steward Partners Investment Advisory LLC raised its stake in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,081 shares of the restaurant operator’s stock after purchasing an additional 137 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Domino’s Pizza were worth $2,133,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc purchased a new position in Domino’s Pizza in the third quarter valued at approximately $549,399,000. Janney Montgomery Scott LLC boosted its holdings in shares of Domino’s Pizza by 278.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after acquiring an additional 8,136 shares during the period. Empowered Funds LLC boosted its holdings in shares of Domino’s Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after acquiring an additional 1,762 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after acquiring an additional 2,201 shares during the period. Finally, Commerce Bank boosted its holdings in shares of Domino’s Pizza by 17.7% in the third quarter. Commerce Bank now owns 9,354 shares of the restaurant operator’s stock valued at $4,024,000 after acquiring an additional 1,404 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DPZ shares. BMO Capital Markets increased their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Robert W. Baird decreased their price objective on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Barclays increased their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. Morgan Stanley decreased their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Finally, Oppenheimer increased their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Down 1.7 %

Shares of DPZ stock opened at $472.05 on Friday. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market cap of $16.19 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.47 and a beta of 1.06. The business has a fifty day simple moving average of $449.79 and a 200-day simple moving average of $437.69.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the business earned $4.48 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.47%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

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.