Alps Advisors Inc. purchased a new stake in Domino’s Pizza (NYSE:DPZ) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 939 shares of the restaurant operator’s stock, valued at approximately $219,000.
Other hedge funds also recently bought and sold shares of the company. Synovus Financial Corp raised its position in Domino’s Pizza by 23.8% in the 4th quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock valued at $241,000 after purchasing an additional 246 shares in the last quarter. Toronto Dominion Bank raised its position in Domino’s Pizza by 41.8% in the 4th quarter. Toronto Dominion Bank now owns 2,879 shares of the restaurant operator’s stock valued at $544,000 after purchasing an additional 848 shares in the last quarter. William Blair Investment Management LLC raised its position in Domino’s Pizza by 83.2% in the 4th quarter. William Blair Investment Management LLC now owns 1,573,333 shares of the restaurant operator’s stock valued at $297,297,000 after purchasing an additional 714,414 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new stake in Domino’s Pizza in the 4th quarter valued at about $1,591,000. Finally, Schwab Charles Investment Management Inc. raised its position in Domino’s Pizza by 0.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 187,951 shares of the restaurant operator’s stock valued at $35,516,000 after purchasing an additional 596 shares in the last quarter.
In related news, insider J Patrick Doyle sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $251.25, for a total transaction of $15,075,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.97% of the company’s stock.
A number of equities research analysts have issued reports on the company. Maxim Group increased their price target on Domino’s Pizza from $255.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Stephens reaffirmed an “overweight” rating and issued a $300.00 price target on shares of Domino’s Pizza in a research report on Thursday, April 26th. Mizuho reiterated a “buy” rating and issued a $275.00 price objective on shares of Domino’s Pizza in a report on Friday, April 27th. Morgan Stanley increased their price objective on Domino’s Pizza from $238.00 to $260.00 and gave the company an “equal weight” rating in a report on Friday, April 27th. Finally, BTIG Research reiterated a “buy” rating and issued a $290.00 price objective on shares of Domino’s Pizza in a report on Sunday, April 29th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $245.19.
Domino’s Pizza opened at $244.86 on Friday, Marketbeat reports. The company has a market cap of $10.46 billion, a P/E ratio of 45.85, a PEG ratio of 1.58 and a beta of 0.36. The company has a current ratio of 1.39, a quick ratio of 1.29 and a debt-to-equity ratio of -1.12. Domino’s Pizza has a 52-week low of $166.74 and a 52-week high of $255.00.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.23. The firm had revenue of $785.40 million for the quarter, compared to the consensus estimate of $688.15 million. Domino’s Pizza had a negative return on equity of 11.97% and a net margin of 10.32%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. research analysts expect that Domino’s Pizza will post 8.21 EPS for the current fiscal year.
Domino’s Pizza declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 20th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.20 dividend on an annualized basis and a yield of 0.90%. Domino’s Pizza’s dividend payout ratio is presently 41.20%.
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 through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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