Elevation Point Wealth Partners LLC Increases Stock Position in Domino’s Pizza Inc $DPZ

Elevation Point Wealth Partners LLC boosted its position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 234.3% in the first quarter, Holdings Channel.com reports. The firm owned 3,356 shares of the restaurant operator’s stock after acquiring an additional 2,352 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Domino’s Pizza were worth $1,204,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its position in Domino’s Pizza by 149.0% in the 1st quarter. Root Financial Partners LLC now owns 127 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 76 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Domino’s Pizza during the first quarter worth about $2,406,000. iA Global Asset Management Inc. lifted its stake in shares of Domino’s Pizza by 12.5% in the first quarter. iA Global Asset Management Inc. now owns 8,550 shares of the restaurant operator’s stock worth $3,068,000 after acquiring an additional 948 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Domino’s Pizza by 60.2% in the first quarter. SJS Investment Consulting Inc. now owns 266 shares of the restaurant operator’s stock worth $95,000 after acquiring an additional 100 shares in the last quarter. Finally, Patton Fund Management Inc. boosted its holdings in Domino’s Pizza by 10.4% in the first quarter. Patton Fund Management Inc. now owns 565 shares of the restaurant operator’s stock valued at $203,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 1.8%

DPZ stock opened at $305.91 on Tuesday. The stock’s 50 day simple moving average is $313.51 and its 200 day simple moving average is $365.80. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $496.00. The firm has a market cap of $10.17 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.45 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion during the quarter. During the same period in the previous year, the company posted $4.33 earnings per share. Domino’s Pizza’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Domino’s Pizza Inc will post 18.99 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s dividend payout ratio is currently 45.83%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BTIG Research lowered their price objective on Domino’s Pizza from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Gordon Haskett cut their target price on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. The Goldman Sachs Group decreased their price target on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Barclays dropped their price target on shares of Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research note on Monday, April 27th. Finally, UBS Group cut their price target on shares of Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $410.39.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 487 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $311.74, for a total transaction of $151,817.38. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,915,392.48. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have sold 1,463 shares of company stock worth $466,807. 0.89% of the stock is owned by corporate insiders.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.