Sculati Wealth Management LLC Buys 674 Shares of Domino’s Pizza Inc $DPZ

Sculati Wealth Management LLC lifted its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 59.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,805 shares of the restaurant operator’s stock after acquiring an additional 674 shares during the quarter. Sculati Wealth Management LLC’s holdings in Domino’s Pizza were worth $813,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RMG Wealth Management LLC purchased a new position in Domino’s Pizza during the second quarter worth about $25,000. Zions Bancorporation National Association UT purchased a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $27,000. Signature Resources Capital Management LLC bought a new position in shares of Domino’s Pizza in the second quarter valued at approximately $29,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Domino’s Pizza in the second quarter valued at approximately $31,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Domino’s Pizza during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 0.4%

NASDAQ DPZ opened at $410.16 on Friday. The company has a market cap of $13.86 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.09. Domino’s Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55. The firm’s 50-day simple moving average is $421.99 and its two-hundred day simple moving average is $449.87.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.12. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $4.19 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 annualized dividend and a dividend yield of 1.7%. Domino’s Pizza’s dividend payout ratio is currently 40.68%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Domino’s Pizza from $520.00 to $535.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their price target on shares of Domino’s Pizza from $460.00 to $490.00 and gave the stock a “market perform” rating in a report on Tuesday, July 22nd. TD Cowen restated a “buy” rating and set a $510.00 price objective on shares of Domino’s Pizza in a report on Tuesday, October 14th. BTIG Research reaffirmed a “buy” rating and issued a $530.00 price objective on shares of Domino’s Pizza in a research report on Friday. Finally, Benchmark increased their target price on shares of Domino’s Pizza from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.32.

Insider Activity at Domino’s Pizza

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

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.