Cabot Wealth Management Inc. Increases Stake in Domino’s Pizza Inc $DPZ

Cabot Wealth Management Inc. boosted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 26,336 shares of the restaurant operator’s stock after buying an additional 375 shares during the period. Domino’s Pizza makes up about 1.4% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 26th largest position. Cabot Wealth Management Inc. owned 0.08% of Domino’s Pizza worth $11,867,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. RMG Wealth Management LLC purchased a new position in Domino’s Pizza in the second quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in Domino’s Pizza in the first quarter valued at approximately $27,000. Zions Bancorporation National Association UT purchased a new position in Domino’s Pizza in the first quarter valued at approximately $27,000. Signature Resources Capital Management LLC purchased a new position in Domino’s Pizza in the second quarter valued at approximately $29,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Domino’s Pizza in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Buying and Selling at Domino’s Pizza

In other news, Director James A. Goldman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the completion of the sale, the director owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. This trade represents a 22.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

Domino’s Pizza Trading Down 1.6%

DPZ stock opened at $414.86 on Friday. Domino’s Pizza Inc has a twelve month low of $397.12 and a twelve month high of $500.55. The company has a market capitalization of $14.02 billion, a P/E ratio of 24.25, a PEG ratio of 2.20 and a beta of 1.12. The firm has a 50 day simple moving average of $436.64 and a 200-day simple moving average of $456.68.

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

Domino’s Pizza Dividend Announcement

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. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 40.68%.

Analyst Ratings Changes

Several research analysts recently commented on DPZ shares. Royal Bank Of Canada cut their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 15th. Melius assumed coverage on shares of Domino’s Pizza in a research report on Monday, July 14th. They issued a “hold” rating and a $500.00 price objective for the company. Weiss Ratings downgraded shares of Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Bank of America increased their price objective on shares of Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $489.92.

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.