Scotia Capital Inc. Increases Stock Position in Domino’s Pizza Inc $DPZ

Scotia Capital Inc. raised its stake in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 8.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,973 shares of the restaurant operator’s stock after acquiring an additional 988 shares during the period. Scotia Capital Inc.’s holdings in Domino’s Pizza were worth $5,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its position in shares of Domino’s Pizza by 29.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 1,080 shares of the restaurant operator’s stock worth $496,000 after purchasing an additional 247 shares during the period. Cetera Investment Advisers lifted its stake in Domino’s Pizza by 10.8% during the first quarter. Cetera Investment Advisers now owns 14,216 shares of the restaurant operator’s stock worth $6,531,000 after purchasing an additional 1,388 shares in the last quarter. LPL Financial LLC boosted its position in shares of Domino’s Pizza by 29.0% during the first quarter. LPL Financial LLC now owns 49,876 shares of the restaurant operator’s stock worth $22,915,000 after buying an additional 11,214 shares during the period. Mackenzie Financial Corp boosted its position in shares of Domino’s Pizza by 7.8% during the first quarter. Mackenzie Financial Corp now owns 4,115 shares of the restaurant operator’s stock worth $1,891,000 after buying an additional 299 shares during the period. Finally, Arkadios Wealth Advisors grew its position in Domino’s Pizza by 17.9% in the 1st quarter. Arkadios Wealth Advisors now owns 974 shares of the restaurant operator’s stock valued at $448,000 after acquiring an additional 148 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on DPZ shares. TD Cowen restated a “buy” rating and issued a $510.00 price target on shares of Domino’s Pizza in a research note on Tuesday, October 14th. Wells Fargo & Company dropped their price target on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Mizuho upgraded Domino’s Pizza to a “strong-buy” rating in a research report on Tuesday, October 28th. BTIG Research reaffirmed a “buy” rating and issued a $530.00 target price on shares of Domino’s Pizza in a report on Friday, November 14th. Finally, Weiss Ratings cut Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $490.40.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $419.76 on Friday. The business’s fifty day moving average price is $414.19 and its 200 day moving average price is $444.46. The firm has a market capitalization of $14.18 billion, a PE ratio of 24.53, a P/E/G ratio of 2.15 and a beta of 1.09. Domino’s Pizza Inc has a 1-year low of $392.89 and a 1-year high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.19 EPS. Equities research analysts expect that Domino’s Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

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.