Baker Tilly Wealth Management LLC Acquires 150 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Baker Tilly Wealth Management LLC increased its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 24.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 773 shares of the restaurant operator’s stock after purchasing an additional 150 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Domino’s Pizza were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Domino’s Pizza by 6.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,200 shares of the restaurant operator’s stock valued at $2,087,000 after purchasing an additional 262 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Domino’s Pizza by 50.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,879 shares of the restaurant operator’s stock worth $13,356,000 after buying an additional 9,072 shares during the period. Norden Group LLC acquired a new position in shares of Domino’s Pizza during the 1st quarter valued at $1,082,000. Oak Harvest Investment Services bought a new position in Domino’s Pizza during the first quarter worth $390,000. Finally, Insight Folios Inc grew its holdings in Domino’s Pizza by 3.4% in the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock worth $421,000 after purchasing an additional 28 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Trading Up 0.8 %

Shares of NYSE DPZ opened at $417.01 on Tuesday. The stock has a fifty day simple moving average of $418.81 and a two-hundred day simple moving average of $463.61. Domino’s Pizza, Inc. has a 1-year low of $332.13 and a 1-year high of $542.75. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $4.18 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Insider Activity

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Royal Bank of Canada decreased their price objective on Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Oppenheimer reiterated an “outperform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Friday, October 11th. Citigroup decreased their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, BMO Capital Markets reduced their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $489.55.

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.