Evercore Wealth Management LLC Increases Stake in Domino’s Pizza, Inc. (NYSE:DPZ)

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Evercore Wealth Management LLC lifted its stake in Domino’s Pizza, Inc. (NYSE:DPZ) by 11.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 169,375 shares of the restaurant operator’s stock after purchasing an additional 17,176 shares during the quarter. Domino’s Pizza comprises about 1.4% of Evercore Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Evercore Wealth Management LLC owned about 0.41% of Domino’s Pizza worth $47,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DPZ. NEXT Financial Group Inc increased its holdings in shares of Domino’s Pizza by 85.7% during the 2nd quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Domino’s Pizza by 36.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 55 shares during the period. Institutional & Family Asset Management LLC purchased a new position in shares of Domino’s Pizza during the 1st quarter worth $58,000. Advisory Services Network LLC raised its holdings in shares of Domino’s Pizza by 791.4% during the 2nd quarter. Advisory Services Network LLC now owns 312 shares of the restaurant operator’s stock worth $87,000 after acquiring an additional 277 shares during the period. Finally, Resources Investment Advisors LLC. purchased a new position in shares of Domino’s Pizza during the 2nd quarter worth $96,000. 95.96% of the stock is owned by institutional investors.

NYSE DPZ opened at $245.05 on Friday. The firm has a market cap of $10.18 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. Domino’s Pizza, Inc. has a one year low of $220.90 and a one year high of $302.05. The stock’s 50 day simple moving average is $239.19 and its 200 day simple moving average is $260.22.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.00 by $0.19. The company had revenue of $811.65 million for the quarter, compared to the consensus estimate of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.84 EPS. On average, research analysts anticipate that Domino’s Pizza, Inc. will post 9.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, September 12th. Domino’s Pizza’s payout ratio is 30.88%.

DPZ has been the topic of a number of recent research reports. Stifel Nicolaus set a $300.00 price target on shares of Domino’s Pizza and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Guggenheim lowered their price objective on Domino’s Pizza from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Northcoast Research assumed coverage on Domino’s Pizza in a report on Wednesday, September 4th. They issued a “neutral” rating for the company. Goldman Sachs Group started coverage on Domino’s Pizza in a report on Monday, July 29th. They issued a “neutral” rating and a $280.00 price target for the company. Finally, Longbow Research set a $320.00 price objective on Domino’s Pizza and gave the company a “buy” rating in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Domino’s Pizza currently has a consensus rating of “Buy” and a consensus price target of $287.54.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

See Also: Fundamental Analysis

Institutional Ownership by Quarter for Domino`s Pizza (NYSE:DPZ)

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