LVW Advisors LLC Grows Position in Domino’s Pizza Inc $DPZ

LVW Advisors LLC boosted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 10.0% in the second quarter, HoldingsChannel.com reports. The firm owned 1,337 shares of the restaurant operator’s stock after buying an additional 122 shares during the quarter. LVW Advisors LLC’s holdings in Domino’s Pizza were worth $602,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Praxis Investment Management Inc. purchased a new stake in Domino’s Pizza in the 1st quarter valued at $414,000. Sowell Financial Services LLC purchased a new stake in Domino’s Pizza in the 1st quarter valued at $282,000. Merit Financial Group LLC raised its position in Domino’s Pizza by 88.5% in the 1st quarter. Merit Financial Group LLC now owns 1,591 shares of the restaurant operator’s stock valued at $731,000 after purchasing an additional 747 shares during the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 259,566 shares during the last quarter. Finally, Cornerstone Wealth Group LLC raised its position in Domino’s Pizza by 41.0% in the 1st quarter. Cornerstone Wealth Group LLC now owns 20,417 shares of the restaurant operator’s stock valued at $9,381,000 after purchasing an additional 5,939 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director James A. Goldman sold 1,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the transaction, the director directly owned 3,384 shares in the company, valued at $1,527,842.16. This represents a 22.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

DPZ has been the subject of several recent research reports. Barclays increased their price target on Domino’s Pizza from $420.00 to $425.00 and gave the stock an “underweight” rating in a report on Monday, July 21st. Benchmark increased their price objective on Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company raised their price target on Domino’s Pizza from $465.00 to $490.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 22nd. Morgan Stanley raised their price target on Domino’s Pizza from $510.00 to $514.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Melius initiated coverage on Domino’s Pizza in a research report on Monday, July 14th. They set a “hold” rating and a $500.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $490.78.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $435.75 on Friday. The stock’s 50 day moving average price is $452.82 and its 200 day moving average price is $461.24. The firm has a market capitalization of $14.79 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09. Domino’s Pizza Inc has a one year low of $397.12 and a one year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 EPS 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $4.03 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino’s Pizza’s dividend payout ratio is presently 40.42%.

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.