Meridian Wealth Management LLC Sells 119 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Meridian Wealth Management LLC decreased its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,040 shares of the restaurant operator’s stock after selling 119 shares during the quarter. Meridian Wealth Management LLC’s holdings in Domino’s Pizza were worth $437,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new position in Domino’s Pizza during the 4th quarter worth approximately $25,000. True Wealth Design LLC grew its position in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the period. Rakuten Securities Inc. grew its position in shares of Domino’s Pizza by 195.6% during the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after buying an additional 88 shares during the period. Private Trust Co. NA grew its position in shares of Domino’s Pizza by 34.3% during the 4th quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator’s stock worth $61,000 after buying an additional 37 shares during the period. Finally, Allworth Financial LP grew its position in shares of Domino’s Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator’s stock worth $66,000 after buying an additional 41 shares during the period. Institutional investors own 94.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DPZ. Benchmark reaffirmed a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Oppenheimer raised their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Barclays raised their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, Citigroup lifted their price target on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $503.41.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $476.18 on Thursday. The stock has a market capitalization of $16.33 billion, a price-to-earnings ratio of 29.25, a PEG ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The business’s fifty day moving average is $447.99 and its 200-day moving average is $437.05.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.48 earnings per share. Research analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

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.