Global Assets Advisory LLC Makes New $369,000 Investment in Domino’s Pizza Inc (NASDAQ:DPZ)

Global Assets Advisory LLC acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 819 shares of the restaurant operator’s stock, valued at approximately $369,000.

A number of other hedge funds also recently added to or reduced their stakes in DPZ. Private Advisor Group LLC lifted its position in Domino’s Pizza by 1.7% during the 4th quarter. Private Advisor Group LLC now owns 2,553 shares of the restaurant operator’s stock worth $1,072,000 after acquiring an additional 42 shares during the period. First Horizon Advisors Inc. lifted its position in Domino’s Pizza by 105.8% during the 4th quarter. First Horizon Advisors Inc. now owns 883 shares of the restaurant operator’s stock worth $371,000 after acquiring an additional 454 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Domino’s Pizza by 24.1% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,721 shares of the restaurant operator’s stock worth $3,241,000 after acquiring an additional 1,500 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Domino’s Pizza during the 4th quarter worth approximately $552,000. Finally, IFP Advisors Inc lifted its holdings in shares of Domino’s Pizza by 50.5% in the 4th quarter. IFP Advisors Inc now owns 5,546 shares of the restaurant operator’s stock valued at $2,331,000 after buying an additional 1,861 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.83% of the stock is currently owned by company insiders.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $453.13 on Thursday. The stock has a fifty day moving average of $473.26 and a two-hundred day moving average of $457.73. The company has a market capitalization of $15.52 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.62 and a beta of 1.11. Domino’s Pizza Inc has a fifty-two week low of $396.06 and a fifty-two week high of $526.66.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino’s Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. Domino’s Pizza’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.58 earnings per share. On average, analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, June 13th. Domino’s Pizza’s payout ratio is 39.91%.

Analyst Ratings Changes

Several research firms have recently commented on DPZ. Hsbc Global Res raised Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Robert W. Baird raised their price target on Domino’s Pizza from $500.00 to $535.00 and gave the company an “outperform” rating in a report on Wednesday, April 23rd. Loop Capital raised their price target on Domino’s Pizza from $555.00 to $564.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. BTIG Research set a $530.00 price target on Domino’s Pizza and gave the company a “buy” rating in a report on Monday, April 28th. Finally, Morgan Stanley raised their price target on Domino’s Pizza from $492.00 to $510.00 and gave the company an “overweight” rating in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $487.17.

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.