Trueblood Wealth Management LLC Invests $218,000 in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Trueblood Wealth Management LLC bought a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the first quarter, Holdings Channel reports. The institutional investor bought 474 shares of the restaurant operator’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza in the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Domino’s Pizza during the 4th quarter worth $25,000. Brown Brothers Harriman & Co. increased its stake in shares of Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd grew its stake in Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 26 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on DPZ shares. Hsbc Global Res raised shares of Domino’s Pizza to a “strong-buy” rating in a report on Tuesday, April 22nd. Morgan Stanley boosted their price objective on shares of Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 29th. TD Securities reiterated a “buy” rating and issued a $490.00 price objective 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 company a “buy” rating in a research note on Monday, April 28th. Finally, Royal Bank of Canada raised their price objective on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $492.16.

Insider Activity at Domino’s Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $446.90 on Thursday. The company’s 50 day simple moving average is $473.35 and its 200 day simple moving average is $458.79. The company has a market capitalization of $15.30 billion, a P/E ratio of 27.45, a PEG ratio of 2.47 and a beta of 1.11. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $538.44.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS 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 net margin of 12.26% and a negative return on equity of 14.35%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.58 earnings per share. On average, analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.56%. Domino’s Pizza’s dividend payout ratio is 39.91%.

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.