First Horizon Advisors Inc. Purchases 454 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

First Horizon Advisors Inc. boosted its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 105.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 883 shares of the restaurant operator’s stock after buying an additional 454 shares during the quarter. First Horizon Advisors Inc.’s holdings in Domino’s Pizza were worth $371,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DPZ. True Wealth Design LLC lifted its position in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. grew its position in shares of Domino’s Pizza by 100.0% during the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after buying an additional 63 shares during the period. Rakuten Securities Inc. raised its stake in shares of Domino’s Pizza by 195.6% during the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after buying an additional 88 shares during the last quarter. Allworth Financial LP lifted its holdings in Domino’s Pizza by 37.6% in the fourth quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock valued at $66,000 after buying an additional 41 shares during the period. Finally, ORG Wealth Partners LLC boosted its stake in Domino’s Pizza by 21.3% in the fourth quarter. ORG Wealth Partners LLC now owns 262 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 46 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Up 3.2 %

Shares of DPZ opened at $470.14 on Wednesday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The stock has a market capitalization of $16.23 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.47 and a beta of 0.90. The company has a 50 day moving average of $441.59 and a 200-day moving average of $435.35.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $4.48 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.48%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is currently 37.10%.

Analysts Set New Price Targets

DPZ has been the subject of several recent research reports. Stephens upped their target price on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company an “equal weight” rating in a research report on Tuesday. Citigroup lifted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. BMO Capital Markets increased their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. Loop Capital decreased their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Morgan Stanley lowered their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

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.