Alta Capital Management LLC Purchases 792 Shares of Domino's Pizza Inc $DPZ

Key Points

• Alta Capital Management LLC increased its holdings in Domino's Pizza by 10.0%, acquiring an additional 792 shares, bringing total ownership to 8,724 shares valued at approximately $3.93 million.
• Domino's Pizza recently reported quarterly earnings of $4.08 per share, surpassing analysts' expectations of $3.96, with a total revenue of $1.15 billion.
• The company announced a quarterly dividend of $1.74 per share, scheduled for payment on December 26th, reflecting an annual yield of 1.7% and a payout ratio of 40.42%.

Alta Capital Management LLC increased its position in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 10.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,724 shares of the restaurant operator's stock after buying an additional 792 shares during the quarter. Alta Capital Management LLC's holdings in Domino's Pizza were worth $3,931,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. HighPoint Advisor Group LLC lifted its holdings in Domino's Pizza by 3.2% during the 1st quarter. HighPoint Advisor Group LLC now owns 672 shares of the restaurant operator's stock worth $332,000 after purchasing an additional 21 shares during the last quarter. AGP Franklin LLC raised its holdings in Domino's Pizza by 0.4% in the 1st quarter. AGP Franklin LLC now owns 5,128 shares of the restaurant operator's stock valued at $2,403,000 after acquiring an additional 21 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in Domino's Pizza by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 4,162 shares of the restaurant operator's stock valued at $1,912,000 after acquiring an additional 21 shares in the last quarter. Compound Planning Inc. raised its holdings in Domino's Pizza by 4.1% in the 1st quarter. Compound Planning Inc. now owns 562 shares of the restaurant operator's stock valued at $258,000 after acquiring an additional 22 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Domino's Pizza by 16.0% in the 1st quarter. Allworth Financial LP now owns 174 shares of the restaurant operator's stock valued at $85,000 after acquiring an additional 24 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James A. Goldman sold 1,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $451.49, for a total transaction of $451,490.00. Following the sale, the director owned 3,384 shares in the company, valued at $1,527,842.16. The trade was a 22.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on DPZ. Guggenheim lifted their price objective on Domino's Pizza from $485.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, August 27th. Piper Sandler dropped their price objective on Domino's Pizza from $477.00 to $443.00 and set a "neutral" rating for the company in a report on Friday, October 10th. Benchmark lifted their price objective on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. UBS Group reaffirmed a "buy" rating and issued a $540.00 price objective on shares of Domino's Pizza in a report on Tuesday, July 22nd. Finally, Loop Capital lifted their price target on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and a consensus target price of $489.92.

Domino's Pizza Stock Down 1.6%

Shares of DPZ stock opened at $417.46 on Thursday. The firm has a market capitalization of $14.17 billion, a P/E ratio of 24.40, a P/E/G ratio of 2.33 and a beta of 1.12. Domino's Pizza Inc has a twelve month low of $397.12 and a twelve month high of $500.55. The stock's fifty day simple moving average is $440.23 and its 200 day simple moving average is $458.09.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts' consensus estimates of $3.96 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.Domino's Pizza's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.19 EPS. As a group, equities research analysts expect that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be given a dividend of $1.74 per share. The ex-dividend date is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a yield of 1.7%. Domino's Pizza's payout ratio is currently 40.42%.

Domino's Pizza Company Profile

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.