Meridian Wealth Management LLC Acquires 102 Shares of Domino’s Pizza, Inc. (NYSE:DPZ)

Meridian Wealth Management LLC raised its holdings in Domino’s Pizza, Inc. (NYSE:DPZ) by 9.6% in the third quarter, Holdings Channel reports. The firm owned 1,159 shares of the restaurant operator’s stock after purchasing an additional 102 shares during the period. Meridian Wealth Management LLC’s holdings in Domino’s Pizza were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DPZ. Central Pacific Bank Trust Division bought a new position in Domino’s Pizza in the 3rd quarter valued at $30,000. Blue Trust Inc. grew its stake in Domino’s Pizza by 162.5% in the 2nd quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 39 shares during the period. Versant Capital Management Inc grew its stake in Domino’s Pizza by 654.5% in the 2nd quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 72 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Domino’s Pizza in the 3rd quarter valued at $43,000. Finally, Crewe Advisors LLC grew its stake in Domino’s Pizza by 46.6% in the 2nd quarter. Crewe Advisors LLC now owns 107 shares of the restaurant operator’s stock valued at $55,000 after purchasing an additional 34 shares during the period. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company reduced their price objective on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Piper Sandler cut their price target on Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research note on Monday, October 7th. Bank of America cut their price target on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Morgan Stanley cut their price target on Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the stock from $419.00 to $559.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $494.38.

Domino’s Pizza Stock Up 1.7 %

NYSE:DPZ opened at $453.35 on Monday. The business’s 50-day moving average price is $427.00 and its two-hundred day moving average price is $455.08. Domino’s Pizza, Inc. has a twelve month low of $367.24 and a twelve month high of $542.75. The stock has a market cap of $15.66 billion, a P/E ratio of 27.85, a PEG ratio of 2.40 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $4.18 EPS. The company’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.33%. Domino’s Pizza’s payout ratio is currently 37.10%.

Insider Buying and Selling at Domino’s Pizza

In related news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares in the company, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% 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.