Ethos Financial Group LLC Boosts Holdings in Domino’s Pizza, Inc. (NYSE:DPZ)

Ethos Financial Group LLC raised its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 34.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 765 shares of the restaurant operator’s stock after acquiring an additional 196 shares during the quarter. Ethos Financial Group LLC’s holdings in Domino’s Pizza were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DPZ. Picton Mahoney Asset Management lifted its stake in Domino’s Pizza by 41.8% in the fourth quarter. Picton Mahoney Asset Management now owns 22,450 shares of the restaurant operator’s stock valued at $9,253,000 after purchasing an additional 6,617 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Domino’s Pizza by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 218,019 shares of the restaurant operator’s stock worth $89,874,000 after acquiring an additional 6,864 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in Domino’s Pizza in the 4th quarter worth about $201,000. Apollon Wealth Management LLC purchased a new stake in Domino’s Pizza in the 4th quarter worth about $263,000. Finally, Private Advisor Group LLC raised its stake in Domino’s Pizza by 12.3% in the 4th quarter. Private Advisor Group LLC now owns 3,394 shares of the restaurant operator’s stock valued at $1,399,000 after acquiring an additional 372 shares during the period. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Trading Up 0.1 %

Shares of DPZ stock traded up $0.59 during trading hours on Thursday, reaching $517.26. The company’s stock had a trading volume of 243,770 shares, compared to its average volume of 586,153. Domino’s Pizza, Inc. has a one year low of $285.84 and a one year high of $542.75. The stock has a market capitalization of $18.04 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.57 and a beta of 0.83. The firm’s fifty day simple moving average is $482.14 and its 200 day simple moving average is $429.19.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $2.93 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 annualized dividend and a yield of 1.17%. Domino’s Pizza’s payout ratio is 39.43%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Domino’s Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Morgan Stanley lifted their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Evercore ISI raised their price target on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Piper Sandler lifted their price target on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Finally, TD Cowen reissued a “buy” rating and set a $550.00 price objective on shares of Domino’s Pizza in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $516.19.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $2,073,473. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Russell J. Weiner sold 11,780 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,401 shares of company stock worth $6,995,948. Company insiders own 0.81% of the company’s stock.

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.