Harfst & Associates Inc. Purchases 2,100 Shares of Domino’s Pizza Inc $DPZ

Harfst & Associates Inc. raised its holdings in shares of Domino’s Pizza Inc (NASDAQ:DPZ) by 143.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,565 shares of the restaurant operator’s stock after purchasing an additional 2,100 shares during the period. Harfst & Associates Inc.’s holdings in Domino’s Pizza were worth $1,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DPZ. Avantax Advisory Services Inc. raised its stake in Domino’s Pizza by 29.7% in the first quarter. Avantax Advisory Services Inc. now owns 1,080 shares of the restaurant operator’s stock valued at $496,000 after buying an additional 247 shares during the last quarter. Cetera Investment Advisers raised its stake in Domino’s Pizza by 10.8% in the 1st quarter. Cetera Investment Advisers now owns 14,216 shares of the restaurant operator’s stock worth $6,531,000 after acquiring an additional 1,388 shares during the last quarter. HB Wealth Management LLC lifted its position in Domino’s Pizza by 65.4% during the 1st quarter. HB Wealth Management LLC now owns 1,474 shares of the restaurant operator’s stock worth $678,000 after acquiring an additional 583 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Domino’s Pizza by 3.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,925 shares of the restaurant operator’s stock worth $7,317,000 after purchasing an additional 523 shares during the last quarter. Finally, LPL Financial LLC raised its position in Domino’s Pizza by 29.0% during the 1st 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 last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.5%

Domino’s Pizza stock opened at $415.59 on Thursday. The stock has a market cap of $14.04 billion, a P/E ratio of 24.29, a PEG ratio of 2.15 and a beta of 1.09. The company has a 50-day moving average price of $414.65 and a 200 day moving average price of $445.38. Domino’s Pizza Inc has a 12-month low of $392.89 and a 12-month 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, 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 firm earned $4.19 EPS. The business’s revenue was up 6.2% compared to the same quarter last year. As a group, analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed 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 is currently 40.68%.

Analyst Upgrades and Downgrades

Several research firms have commented on DPZ. Weiss Ratings lowered shares of Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Piper Sandler reiterated a “neutral” rating and set a $445.00 target price on shares of Domino’s Pizza in a research report on Monday. Morgan Stanley lifted their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Bank of America lifted their price objective on Domino’s Pizza from $514.00 to $536.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Mizuho raised Domino’s Pizza to a “strong-buy” rating in a research note on Tuesday, October 28th. Two investment analysts have 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $490.40.

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.