Arkadios Wealth Advisors Grows Stock Holdings in Domino’s Pizza Inc (NASDAQ:DPZ)

Arkadios Wealth Advisors grew its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 17.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 974 shares of the restaurant operator’s stock after purchasing an additional 148 shares during the period. Arkadios Wealth Advisors’ holdings in Domino’s Pizza were worth $448,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. raised its holdings in Domino’s Pizza by 11.2% in the 1st quarter. Federated Hermes Inc. now owns 68,810 shares of the restaurant operator’s stock worth $31,615,000 after acquiring an additional 6,916 shares during the last quarter. AGP Franklin LLC raised its holdings in Domino’s Pizza by 0.4% in the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator’s stock worth $2,403,000 after acquiring an additional 21 shares during the last quarter. Norden Group LLC bought a new stake in Domino’s Pizza in the 1st quarter worth approximately $368,000. Mackenzie Financial Corp grew its position in Domino’s Pizza by 7.8% in the 1st quarter. Mackenzie Financial Corp now owns 4,115 shares of the restaurant operator’s stock worth $1,891,000 after purchasing an additional 299 shares during the period. Finally, First National Advisers LLC bought a new stake in Domino’s Pizza in the 1st quarter worth approximately $330,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 0.4%

Shares of DPZ stock opened at $467.98 on Tuesday. The stock has a market cap of $15.89 billion, a P/E ratio of 27.18, a PEG ratio of 2.56 and a beta of 1.09. Domino’s Pizza Inc has a 52 week low of $396.06 and a 52 week high of $500.55. The company’s fifty day simple moving average is $463.24 and its two-hundred day simple moving average is $464.99.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.93 by ($0.12). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.03 earnings per share. On average, analysts anticipate 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 Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino’s Pizza’s dividend payout ratio is currently 40.42%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DPZ. TD Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, April 28th. Redburn Atlantic began coverage on shares of Domino’s Pizza in a research report on Tuesday, June 10th. They issued a “sell” rating and a $340.00 target price for the company. Hsbc Global Res raised shares of Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, April 22nd. Melius began coverage on shares of Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Domino’s Pizza from $510.00 to $514.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $489.67.

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.