Fulton Bank N.A. Acquires Shares of 547 Domino’s Pizza, Inc. (NYSE:DPZ)

Fulton Bank N.A. acquired a new stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 547 shares of the restaurant operator’s stock, valued at approximately $282,000.

A number of other hedge funds have also added to or reduced their stakes in DPZ. Turtle Creek Wealth Advisors LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at $25,000. Crewe Advisors LLC purchased a new position in Domino’s Pizza during the 1st quarter valued at $36,000. Versant Capital Management Inc increased its position in Domino’s Pizza by 654.5% during 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. Quadrant Capital Group LLC increased its position in Domino’s Pizza by 41.8% during the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 33 shares during the period. Finally, GAMMA Investing LLC purchased a new position in Domino’s Pizza during the 4th quarter valued at $78,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DPZ shares. Wells Fargo & Company upped their target price on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Morgan Stanley upped their target price on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Stifel Nicolaus upped their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $580.00 target price on shares of Domino’s Pizza in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $517.39.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ traded up $0.03 during midday trading on Tuesday, hitting $429.25. 657,938 shares of the company’s stock traded hands, compared to its average volume of 597,786. Domino’s Pizza, Inc. has a 1 year low of $330.05 and a 1 year high of $542.75. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. The firm has a fifty day moving average of $485.69 and a 200 day moving average of $475.00.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm earned $3.08 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Domino’s Pizza, Inc. will post 16.19 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is currently 39.43%.

About Domino’s Pizza

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.