47,270 Shares of Domino's Pizza Inc $DPZ Bought by Alps Advisors Inc.

Key Points

• Alps Advisors acquired 47,270 Domino’s shares in the third quarter, valued at about $14.2 million and representing roughly 0.14% of the company. Institutional investors collectively own 94.63% of DPZ.
• Domino’s quarterly earnings were $4.60 per share, beating the $4.33 consensus estimate; revenue rose 3.4% year over year to $1.19 billion.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $380.87. Domino’s also declared a quarterly dividend of $1.99 per share, equal to a 2.4% annualized yield.

Alps Advisors Inc. acquired a new position in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,270 shares of the restaurant operator's stock, valued at approximately $14,163,000. Alps Advisors Inc. owned about 0.14% of Domino's Pizza as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its position in shares of Domino's Pizza by 101.1% in the third quarter. Kestra Advisory Services LLC now owns 13,644 shares of the restaurant operator's stock valued at $4,088,000 after purchasing an additional 6,860 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Domino's Pizza by 16.9% in the third quarter. Commonwealth Equity Services LLC now owns 6,594 shares of the restaurant operator's stock valued at $1,976,000 after acquiring an additional 955 shares during the period. Covestor Ltd grew its stake in Domino's Pizza by 124.5% during the third quarter. Covestor Ltd now owns 247 shares of the restaurant operator's stock valued at $74,000 after acquiring an additional 137 shares in the last quarter. American Assets Inc. purchased a new position in Domino's Pizza during the third quarter valued at approximately $375,000. Finally, Provenance Wealth Advisors LLC increased its holdings in Domino's Pizza by 4,300.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 132 shares of the restaurant operator's stock worth $40,000 after acquiring an additional 129 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DPZ shares. JPMorgan Chase & Co. dropped their price target on Domino's Pizza from $380.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, September 29th. UBS Group reaffirmed a "buy" rating on shares of Domino's Pizza in a research note on Monday, October 5th. Loop Capital cut shares of Domino's Pizza from a "buy" rating to a "hold" rating and set a $353.00 price target for the company. in a research note on Monday, August 10th. Mizuho decreased their price target on shares of Domino's Pizza from $420.00 to $380.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. Finally, Benchmark restated a "buy" rating on shares of Domino's Pizza in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $380.87.

Domino's Pizza Stock Performance

DPZ stock opened at $334.28 on Friday. The firm has a market cap of $11.00 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.54 and a beta of 0.95. The firm's fifty day moving average is $313.29 and its 200 day moving average is $341.60. Domino's Pizza Inc has a 52 week low of $282.00 and a 52 week high of $442.35.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.33 by $0.27. The business had revenue of $1.19 billion during the quarter. Domino's Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.08 earnings per share. As a group, analysts forecast that Domino's Pizza Inc will post 19.10 EPS for the current year.

Domino's Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, December 15th. Domino's Pizza's dividend payout ratio (DPR) is presently 43.86%.

Domino's Pizza Company Profile

Domino's Pizza, Inc is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location.

The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino's Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

Domino's is headquartered in Ann Arbor, Michigan.

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