Meridian Wealth Management LLC Sells 119 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Meridian Wealth Management LLC reduced its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,040 shares of the restaurant operator’s stock after selling 119 shares during the period. Meridian Wealth Management LLC’s holdings in Domino’s Pizza were worth $437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DPZ. US Bancorp DE grew its holdings in Domino’s Pizza by 5.8% during the 3rd quarter. US Bancorp DE now owns 6,590 shares of the restaurant operator’s stock valued at $2,835,000 after buying an additional 360 shares in the last quarter. Stephens Inc. AR grew its holdings in Domino’s Pizza by 6.6% during the 3rd quarter. Stephens Inc. AR now owns 2,382 shares of the restaurant operator’s stock valued at $1,025,000 after buying an additional 148 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Domino’s Pizza by 7.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock valued at $1,258,000 after buying an additional 215 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Domino’s Pizza by 108.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 3,913 shares of the restaurant operator’s stock valued at $1,683,000 after buying an additional 2,036 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Domino’s Pizza by 5.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 13,184 shares of the restaurant operator’s stock valued at $5,671,000 after buying an additional 689 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Stock Down 1.2 %

Shares of Domino’s Pizza stock opened at $476.18 on Thursday. The company has a market cap of $16.33 billion, a PE ratio of 29.25, a P/E/G ratio of 2.47 and a beta of 1.06. The business has a 50 day moving average of $447.99 and a 200 day moving average of $437.05. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. Domino’s Pizza’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.48 EPS. On average, research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.74 per share. The ex-dividend date is Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.46%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DPZ. Wedbush reissued an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. BMO Capital Markets upped their target price on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. Oppenheimer upped their target price on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Loop Capital cut their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza 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.