Meridian Wealth Management LLC Purchases 102 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Meridian Wealth Management LLC grew its position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,159 shares of the restaurant operator’s stock after buying an additional 102 shares during the period. Meridian Wealth Management LLC’s holdings in Domino’s Pizza were worth $499,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Asset Management Group Inc. increased its position in Domino’s Pizza by 1.3% during the 3rd quarter. Asset Management Group Inc. now owns 19,356 shares of the restaurant operator’s stock worth $8,326,000 after buying an additional 256 shares during the period. Raymond James Trust N.A. increased its position in Domino’s Pizza by 16.7% during the 3rd quarter. Raymond James Trust N.A. now owns 839 shares of the restaurant operator’s stock worth $361,000 after buying an additional 120 shares during the period. Charles Schwab Investment Management Inc. increased its position in Domino’s Pizza by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock worth $98,545,000 after buying an additional 2,201 shares during the period. Moran Wealth Management LLC increased its position in Domino’s Pizza by 34.1% during the 3rd quarter. Moran Wealth Management LLC now owns 1,777 shares of the restaurant operator’s stock worth $764,000 after buying an additional 452 shares during the period. Finally, Moors & Cabot Inc. bought a new position in Domino’s Pizza during the 3rd quarter worth $204,000. Institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Domino’s Pizza Trading Up 1.7 %

Shares of DPZ stock opened at $453.35 on Monday. The business’s 50-day moving average price is $427.00 and its 200-day moving average price is $455.08. Domino’s Pizza, Inc. has a 12 month low of $367.24 and a 12 month high of $542.75. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.40 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.18 earnings per share. On average, sell-side analysts predict that Domino’s Pizza, Inc. will post 16.86 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 Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DPZ. Stephens lowered their price objective on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company decreased their price target on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Evercore ISI decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. BMO Capital Markets decreased their price target on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Jefferies Financial Group decreased their price target on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $494.38.

About Domino’s Pizza

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.