Cornerstone Wealth Group LLC Grows Holdings in Domino’s Pizza Inc $DPZ

Cornerstone Wealth Group LLC lifted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,930 shares of the restaurant operator’s stock after buying an additional 513 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Domino’s Pizza were worth $9,431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RMG Wealth Management LLC purchased a new stake in shares of Domino’s Pizza in the 2nd quarter worth about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Domino’s Pizza in the 1st quarter worth about $25,000. LRI Investments LLC bought a new position in Domino’s Pizza in the 1st quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new stake in Domino’s Pizza during the 1st quarter valued at about $27,000. Finally, Signature Resources Capital Management LLC purchased a new stake in Domino’s Pizza during the 2nd quarter valued at about $29,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup cut their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Guggenheim increased their price objective on shares of Domino’s Pizza from $485.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Domino’s Pizza in a research report on Wednesday, October 8th. Royal Bank Of Canada downgraded shares of Domino’s Pizza from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $550.00 to $500.00 in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company cut their price objective on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $491.71.

Insider Buying and Selling at Domino’s Pizza

In related news, Director James A. Goldman sold 1,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the completion of the sale, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This represents a 22.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.83% of the stock is owned by company insiders.

Domino’s Pizza Stock Performance

DPZ opened at $408.26 on Tuesday. The stock has a market capitalization of $13.86 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.22 and a beta of 1.12. The company’s 50-day simple moving average is $441.21 and its two-hundred day simple moving average is $458.61. Domino’s Pizza Inc has a 52-week low of $397.12 and a 52-week high of $500.55.

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

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.