CFM Wealth Partners LLC Makes New Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

CFM Wealth Partners LLC purchased a new position in Domino’s Pizza, Inc. (NYSE:DPZ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 434 shares of the restaurant operator’s stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Blue Trust Inc. lifted its stake in Domino’s Pizza by 162.5% during the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares during the period. Central Pacific Bank Trust Division bought a new position in Domino’s Pizza during the third quarter valued at approximately $30,000. Crewe Advisors LLC purchased a new stake in Domino’s Pizza in the first quarter worth approximately $36,000. Versant Capital Management Inc grew its position in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Domino’s Pizza during the 3rd quarter valued at $43,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $427.24 on Wednesday. The company has a market cap of $14.90 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. Domino’s Pizza, Inc. has a 1 year low of $332.13 and a 1 year high of $542.75. The stock’s 50 day simple moving average is $421.56 and its two-hundred day simple moving average is $468.34.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $4.18 EPS. Equities research analysts expect that Domino’s Pizza, Inc. will post 16.24 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DPZ shares. Evercore ISI dropped their price target on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Bank of America cut their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their price objective on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Robert W. Baird dropped their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Finally, Piper Sandler decreased their price target on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating on the stock in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $489.55.

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.