IMG Wealth Management Inc. Buys New Holdings in Domino’s Pizza Inc $DPZ

IMG Wealth Management Inc. bought a new stake in Domino’s Pizza Inc (NASDAQ:DPZ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 343 shares of the restaurant operator’s stock, valued at approximately $155,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DPZ. GAMMA Investing LLC boosted its holdings in Domino’s Pizza by 17.2% in the first quarter. GAMMA Investing LLC now owns 566 shares of the restaurant operator’s stock valued at $260,000 after acquiring an additional 83 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Domino’s Pizza by 207.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,208 shares of the restaurant operator’s stock valued at $13,880,000 after acquiring an additional 20,379 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Domino’s Pizza by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the restaurant operator’s stock valued at $1,856,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. boosted its holdings in Domino’s Pizza by 242.6% in the first quarter. Blue Trust Inc. now owns 185 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 131 shares during the last quarter. Finally, Praxis Investment Management Inc. acquired a new position in Domino’s Pizza in the first quarter valued at $414,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $422.94 on Tuesday. Domino’s Pizza Inc has a one year low of $397.12 and a one year high of $500.55. The business’s 50-day simple moving average is $438.89 and its 200 day simple moving average is $457.19. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 24.72, a price-to-earnings-growth ratio of 2.20 and a beta of 1.12.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $4.19 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be paid a $1.74 dividend. The ex-dividend date is Monday, December 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.6%. Domino’s Pizza’s payout ratio is 40.68%.

Insider Activity at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $451.49, for a total value of $451,490.00. Following the transaction, the director owned 3,384 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the topic of a number of research analyst reports. Loop Capital lifted their target price on Domino’s Pizza from $564.00 to $574.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Wells Fargo & Company reduced their price objective on Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Piper Sandler reduced their price objective on Domino’s Pizza from $477.00 to $443.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Royal Bank Of Canada reduced their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Finally, Melius started coverage on Domino’s Pizza in a research note on Monday, July 14th. They set a “hold” rating and a $500.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $489.92.

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.