Alta Capital Management LLC lifted its holdings in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 125.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,852 shares of the restaurant operator’s stock after buying an additional 11,064 shares during the period. Alta Capital Management LLC’s holdings in Domino’s Pizza were worth $8,275,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. boosted its stake in shares of Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock worth $36,000 after buying an additional 56 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $46,000. Smartleaf Asset Management LLC boosted its stake in shares of Domino’s Pizza by 64.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 110 shares of the restaurant operator’s stock worth $48,000 after buying an additional 43 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Domino’s Pizza by 411.5% in the 3rd quarter. Activest Wealth Management now owns 133 shares of the restaurant operator’s stock worth $58,000 after buying an additional 107 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in shares of Domino’s Pizza by 85.5% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 141 shares of the restaurant operator’s stock worth $61,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on DPZ. Loop Capital dropped their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Rothschild & Co Redburn dropped their price objective on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Mizuho dropped their price objective on Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Gordon Haskett dropped their price objective on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Robert W. Baird dropped their price objective on Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Hold” and an average target price of $419.74.
Insider Transactions at Domino’s Pizza
In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $3,107,763.12. The trade was a 4.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is owned by insiders.
Domino’s Pizza Price Performance
Shares of DPZ stock opened at $308.00 on Tuesday. The company’s fifty day simple moving average is $360.05 and its two-hundred day simple moving average is $391.62. Domino’s Pizza Inc has a 1 year low of $297.48 and a 1 year high of $499.08. The stock has a market capitalization of $10.24 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.40 and a beta of 1.02.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion for the quarter. During the same quarter last year, the firm earned $4.33 earnings per share. Domino’s Pizza’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza Inc will post 19.15 EPS for the current year.
Domino’s Pizza Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s payout ratio is presently 45.83%.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of handâcrafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.
Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.
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