Third View Private Wealth LLC Invests $953,000 in Domino’s Pizza Inc $DPZ

Third View Private Wealth LLC acquired a new position in shares of Domino’s Pizza Inc (NASDAQ:DPZ) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,286 shares of the restaurant operator’s stock, valued at approximately $953,000.

Several other institutional investors have also modified their holdings of the company. Berkshire Hathaway Inc lifted its position in shares of Domino’s Pizza by 13.2% during the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after buying an additional 30,647 shares during the last quarter. Invesco Ltd. lifted its position in shares of Domino’s Pizza by 9.3% during the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock worth $397,100,000 after buying an additional 78,594 shares during the last quarter. Marshfield Associates lifted its position in shares of Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after buying an additional 28,765 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Domino’s Pizza by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 560,058 shares of the restaurant operator’s stock worth $252,362,000 after buying an additional 46,098 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DPZ. Guggenheim reduced their price objective on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Wells Fargo & Company lowered their target price on shares of Domino’s Pizza from $430.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. William Blair set a $540.00 target price on shares of Domino’s Pizza in a research report on Monday, February 23rd. Citigroup reduced their price target on shares of Domino’s Pizza from $440.00 to $425.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $425.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $473.15.

Domino’s Pizza Price Performance

DPZ stock opened at $369.17 on Wednesday. The company has a fifty day moving average price of $383.95 and a 200 day moving average price of $404.04. Domino’s Pizza Inc has a 12 month low of $346.31 and a 12 month high of $499.08. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.59 and a beta of 1.18.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 23rd. The restaurant operator reported $5.35 EPS for the quarter, missing the consensus estimate of $5.38 by ($0.03). Domino’s Pizza had a net margin of 12.18% and a negative return on equity of 15.28%. The business had revenue of $1.54 billion during the quarter. During the same period last year, the business posted $4.89 EPS. Domino’s Pizza’s revenue was up 6.4% compared to the same quarter last year. As a group, 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 was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, March 13th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.74. Domino’s Pizza’s payout ratio is currently 45.30%.

Domino’s Pizza Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.