Trueblood Wealth Management LLC Buys New Shares in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Trueblood Wealth Management LLC purchased a new position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 474 shares of the restaurant operator’s stock, valued at approximately $218,000.

Other large investors have also modified their holdings of the company. Sherman Asset Management Inc. bought a new stake in shares of Domino’s Pizza in the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC acquired a new position in shares of Domino’s Pizza in the 4th quarter worth $25,000. Brown Brothers Harriman & Co. grew its holdings in shares of Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. Covestor Ltd grew its holdings in shares of Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Performance

DPZ opened at $446.90 on Thursday. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $538.44. The firm’s fifty day moving average is $473.35 and its 200 day moving average is $458.79. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.21. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.58 EPS. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a dividend yield of 1.56%. Domino’s Pizza’s payout ratio is currently 39.91%.

Insider Transactions at Domino’s Pizza

In other news, EVP Reddy Sandeep sold 399 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BTIG Research set a $530.00 price target on Domino’s Pizza and gave the company a “buy” rating in a research report on Monday, April 28th. Bank of America lifted their price objective on Domino’s Pizza from $520.00 to $549.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Benchmark lifted their target price on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Guggenheim reiterated a “neutral” rating on shares of Domino’s Pizza in a research note on Thursday, May 15th. Finally, Stephens restated an “equal weight” rating and issued a $440.00 price objective on shares of Domino’s Pizza in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $492.16.

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.