LVW Advisors LLC Decreases Position in Domino’s Pizza, Inc. (NYSE:DPZ)

LVW Advisors LLC lessened its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 37.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,742 shares of the restaurant operator’s stock after selling 1,034 shares during the period. LVW Advisors LLC’s holdings in Domino’s Pizza were worth $749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DPZ. Price T Rowe Associates Inc. MD lifted its position in shares of Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the last quarter. Vanguard Group Inc. lifted its position in Domino’s Pizza by 5.8% in the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Domino’s Pizza by 85.2% in the second quarter. Envestnet Asset Management Inc. now owns 327,166 shares of the restaurant operator’s stock valued at $168,926,000 after acquiring an additional 150,526 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Domino’s Pizza in the second quarter valued at $72,296,000. Finally, TD Asset Management Inc lifted its position in Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after acquiring an additional 138,224 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of recent analyst reports. BTIG Research dropped their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. dropped their price target 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. BMO Capital Markets lowered their target price on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday. Stephens lowered their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Wedbush restated an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $489.55.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $429.67 on Friday. Domino’s Pizza, Inc. has a one year low of $332.13 and a one year high of $542.75. The company has a 50 day moving average price of $421.63 and a 200 day moving average price of $469.57. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data 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. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business earned $4.18 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.24 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s payout ratio is currently 37.12%.

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.