Cornerstone Wealth Group LLC Acquires 513 Shares of Domino’s Pizza Inc $DPZ

Cornerstone Wealth Group LLC lifted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 20,930 shares of the restaurant operator’s stock after acquiring an additional 513 shares during the quarter. Cornerstone Wealth Group LLC owned 0.06% of Domino’s Pizza worth $9,431,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DPZ. Charles Schwab Investment Management Inc. bought a new stake in shares of Domino’s Pizza in the 1st quarter worth approximately $110,348,000. Invesco Ltd. lifted its holdings in shares of Domino’s Pizza by 32.9% in the 1st quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator’s stock worth $371,997,000 after acquiring an additional 200,622 shares during the last quarter. Bristol Gate Capital Partners Inc. bought a new stake in shares of Domino’s Pizza in the 1st quarter worth approximately $92,085,000. Nuveen LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter worth approximately $45,344,000. Finally, Truist Financial Corp lifted its holdings in shares of Domino’s Pizza by 3,692.1% in the 2nd quarter. Truist Financial Corp now owns 73,642 shares of the restaurant operator’s stock worth $33,183,000 after acquiring an additional 71,700 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Benchmark lifted their target price on shares of Domino’s Pizza from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Jefferies Financial Group decreased their target price on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a research note on Monday. Sanford C. Bernstein lifted their target price on shares of Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 22nd. Loop Capital lifted their target price on shares of Domino’s Pizza from $564.00 to $574.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Domino’s Pizza in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $491.71.

Domino’s Pizza Trading Up 0.5%

Shares of Domino’s Pizza stock opened at $408.26 on Tuesday. The company’s fifty day simple moving average is $441.21 and its two-hundred day simple moving average is $458.61. The company has a market cap of $13.86 billion, a P/E ratio of 23.71, a PEG ratio of 2.22 and a beta of 1.12. Domino’s Pizza Inc has a 12-month low of $397.12 and a 12-month high of $500.55.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.93 by ($0.12). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Domino’s Pizza had a net margin of 12.49% and a negative return on equity of 15.09%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.03 earnings per share. Analysts predict that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director James A. Goldman sold 1,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $451.49, for a total transaction of $451,490.00. Following the transaction, the director directly owned 3,384 shares of the company’s stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.83% of the company’s stock.

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.