Cabot Wealth Management Inc. Boosts Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Cabot Wealth Management Inc. raised its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 2.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,262 shares of the restaurant operator’s stock after acquiring an additional 351 shares during the period. Cabot Wealth Management Inc.’s holdings in Domino’s Pizza were worth $7,425,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Domino’s Pizza during the 3rd quarter worth about $30,000. Crewe Advisors LLC purchased a new stake in shares of Domino’s Pizza during the 1st quarter worth about $36,000. Versant Capital Management Inc raised its position in shares of Domino’s Pizza by 654.5% during the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth about $43,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Stock Down 0.2 %

DPZ stock traded down $0.82 during midday trading on Tuesday, hitting $427.26. The company’s stock had a trading volume of 657,299 shares, compared to its average volume of 616,755. Domino’s Pizza, Inc. has a 52-week low of $332.13 and a 52-week high of $542.75. The firm has a market capitalization of $14.90 billion, a P/E ratio of 28.03, a PEG ratio of 2.23 and a beta of 0.86. The firm has a 50-day simple moving average of $421.60 and a 200-day simple moving average of $468.83.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $4.18 EPS. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s payout ratio is currently 39.43%.

Analysts Set New Price Targets

Several research analysts recently weighed in on DPZ shares. Robert W. Baird reduced their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. Oppenheimer reiterated an “outperform” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Friday. Wells Fargo & Company cut their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen reiterated a “buy” rating and issued a $475.00 price objective on shares of Domino’s Pizza in a report on Friday. Finally, Piper Sandler cut their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $489.55.

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.