Advisors Capital Management LLC Raises Stake in Domino’s Pizza Inc $DPZ

Advisors Capital Management LLC raised its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 3.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,249 shares of the restaurant operator’s stock after purchasing an additional 42 shares during the period. Advisors Capital Management LLC’s holdings in Domino’s Pizza were worth $574,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DPZ. Wood Tarver Financial Group LLC purchased a new position in Domino’s Pizza during the fourth quarter valued at approximately $25,000. Alpine Bank Wealth Management purchased a new position in Domino’s Pizza during the first quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in Domino’s Pizza during the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new position in Domino’s Pizza during the first quarter valued at approximately $27,000. Finally, SVB Wealth LLC purchased a new position in Domino’s Pizza during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $452.05 on Friday. The company’s fifty day moving average is $459.35 and its 200 day moving average is $463.80. Domino’s Pizza Inc has a fifty-two week low of $397.12 and a fifty-two week high of $500.55. The stock has a market capitalization of $15.35 billion, a PE ratio of 26.25, a P/E/G ratio of 2.50 and a beta of 1.09.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing the consensus estimate of $3.93 by ($0.12). Domino’s Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm posted $4.03 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts forecast that Domino’s Pizza Inc will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $1.74 dividend. This represents a $6.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 15th. Domino’s Pizza’s payout ratio is currently 40.42%.

Insiders Place Their Bets

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

DPZ has been the topic of several research analyst reports. UBS Group reissued a “buy” rating and issued a $540.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 22nd. Melius initiated coverage on shares of Domino’s Pizza in a report on Monday, July 14th. They issued a “hold” rating and a $500.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Domino’s Pizza from $465.00 to $490.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 22nd. Guggenheim boosted their target price on shares of Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Finally, Barclays boosted their target price on shares of Domino’s Pizza from $420.00 to $425.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $490.78.

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.