Ritholtz Wealth Management Boosts Stock Holdings in Domino’s Pizza Inc (NASDAQ:DPZ)

Ritholtz Wealth Management grew its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,299 shares of the restaurant operator’s stock after acquiring an additional 64 shares during the quarter. Ritholtz Wealth Management’s holdings in Domino’s Pizza were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of DPZ. Berkshire Hathaway Inc increased its stake in Domino’s Pizza by 86.5% in the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after buying an additional 1,104,744 shares during the last quarter. Norges Bank purchased a new stake in Domino’s Pizza in the 4th quarter valued at about $250,571,000. GAMMA Investing LLC increased its stake in Domino’s Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator’s stock valued at $119,480,000 after buying an additional 259,566 shares during the last quarter. Invesco Ltd. increased its stake in Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after buying an additional 191,752 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Domino’s Pizza in the 4th quarter valued at about $56,647,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Up 1.0%

Shares of DPZ opened at $458.78 on Wednesday. The business’s 50-day moving average price is $474.59 and its 200-day moving average price is $458.19. Domino’s Pizza Inc has a twelve month low of $396.06 and a twelve month high of $535.98. The stock has a market cap of $15.71 billion, a PE ratio of 26.31, a P/E/G ratio of 2.58 and a beta of 1.11.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino’s Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted $3.58 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. Analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, June 13th. Domino’s Pizza’s dividend payout ratio is presently 39.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DPZ shares. TD Securities reissued a “buy” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Monday, April 28th. BTIG Research set a $530.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a report on Monday, April 28th. BMO Capital Markets boosted their price target on shares of Domino’s Pizza from $515.00 to $540.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, Bank of America boosted their price target on shares of Domino’s Pizza from $520.00 to $549.00 and gave the stock a “buy” 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 assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $487.17.

Insider Buying and Selling

In related news, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This 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 accessible through the SEC website. 0.83% of the stock is owned by company insiders.

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.