Alps Advisors Inc. Purchases New Stake in Domino’s Pizza (DPZ)

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.

Want to see what other hedge funds are holding DPZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Domino’s Pizza (NYSE:DPZ).

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

Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply