Domino’s Pizza Inc $DPZ Stake Increased by Lido Advisors LLC

Lido Advisors LLC lifted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,432 shares of the restaurant operator’s stock after buying an additional 4,832 shares during the period. Lido Advisors LLC owned about 0.19% of Domino’s Pizza worth $28,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Domino’s Pizza by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock worth $1,823,590,000 after acquiring an additional 36,288 shares in the last quarter. Berkshire Hathaway Inc grew its stake in Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares in the last quarter. Principal Financial Group Inc. grew its stake in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after acquiring an additional 30,647 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 9.3% in the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock valued at $397,100,000 after purchasing an additional 78,594 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Domino’s Pizza by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock valued at $252,362,000 after purchasing an additional 46,098 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Domino’s Pizza from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $460.00 to $450.00 in a report on Tuesday, February 24th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Monday, February 23rd. Hovde Group set a $460.00 target price on shares of Domino’s Pizza in a research report on Monday, January 5th. Citigroup lifted their target price on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Finally, Guggenheim lowered their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $392.27 on Tuesday. The business has a 50 day simple moving average of $399.88 and a 200 day simple moving average of $415.65. Domino’s Pizza Inc has a 52 week low of $370.70 and a 52 week high of $499.08. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.73 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share for the quarter, missing the consensus estimate of $5.38 by ($0.03). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.89 earnings per share. On average, analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a dividend of $1.99 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. The ex-dividend date is Friday, March 13th. This represents a $7.96 annualized dividend and a dividend yield of 2.0%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.30%.

Domino’s Pizza Company 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.