First Commonwealth Financial Corp PA Takes Position in Domino’s Pizza Inc $DPZ

First Commonwealth Financial Corp PA purchased a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,141 shares of the restaurant operator’s stock, valued at approximately $924,000.

Other large investors have also recently added to or reduced their stakes in the company. Westpac Banking Corp lifted its position in Domino’s Pizza by 31.2% in the 2nd quarter. Westpac Banking Corp now owns 101 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 24 shares during the last quarter. Lafayette Investments Inc. grew its position in Domino’s Pizza by 2.8% in the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock worth $412,000 after purchasing an additional 26 shares during the last quarter. Ritholtz Wealth Management grew its position in Domino’s Pizza by 1.1% in the 3rd quarter. Ritholtz Wealth Management now owns 2,382 shares of the restaurant operator’s stock worth $1,028,000 after purchasing an additional 27 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Domino’s Pizza by 2.9% in the third quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock valued at $417,000 after purchasing an additional 27 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Domino’s Pizza by 1.2% in the third quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock valued at $1,000,000 after purchasing an additional 28 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Evercore restated an “outperform” rating and issued a $510.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 24th. BMO Capital Markets reiterated an “outperform” rating on shares of Domino’s Pizza in a research report on Tuesday, February 24th. TD Cowen reissued a “hold” rating and issued a $460.00 price target on shares of Domino’s Pizza in a research note on Monday, February 23rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $475.71.

Domino’s Pizza Stock Performance

DPZ opened at $396.18 on Wednesday. Domino’s Pizza Inc has a one year low of $370.70 and a one year high of $499.08. The stock’s fifty day moving average is $399.67 and its 200-day moving average is $415.21. The company has a market capitalization of $13.32 billion, a PE ratio of 22.55, a P/E/G ratio of 1.69 and a beta of 1.16.

Domino’s Pizza (NASDAQ:DPZ) last announced 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 firm had revenue of $1.54 billion during the quarter. Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business posted $4.89 EPS. On average, equities research analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, March 13th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $7.96 annualized dividend and a dividend yield of 2.0%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s dividend payout ratio is presently 45.30%.

Domino’s Pizza 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.