Atria Wealth Solutions Inc. Sells 1,100 Shares of Domino's Pizza Inc $DPZ

Key Points

• Atria Wealth Solutions Inc. has significantly reduced its holdings in Domino's Pizza by 69.1%, selling 1,100 shares during the second quarter, resulting in a remaining ownership of 492 shares valued at approximately $222,000.
• Domino's Pizza reported a Q3 earnings per share (EPS) of $4.08, exceeding estimates by $0.12, with revenues of $1.15 billion, marking a 6.2% increase compared to the same quarter last year.
• An upcoming quarterly dividend of $1.74 per share has been declared, which is expected to be distributed on December 26th, 2023, reflecting an annualized dividend of $6.96 and a yield of 1.6%.

Atria Wealth Solutions Inc. reduced its holdings in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 69.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 492 shares of the restaurant operator's stock after selling 1,100 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Domino's Pizza were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in Domino's Pizza by 3.1% during the first quarter. Principal Financial Group Inc. now owns 1,740,987 shares of the restaurant operator's stock valued at $799,897,000 after acquiring an additional 53,124 shares during the last quarter. Invesco Ltd. increased its position in Domino's Pizza by 32.9% during the first quarter. Invesco Ltd. now owns 809,658 shares of the restaurant operator's stock valued at $371,997,000 after acquiring an additional 200,622 shares during the last quarter. Northern Trust Corp increased its position in Domino's Pizza by 13.9% during the first quarter. Northern Trust Corp now owns 450,302 shares of the restaurant operator's stock valued at $206,891,000 after acquiring an additional 54,909 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Domino's Pizza by 9.0% during the first quarter. Envestnet Asset Management Inc. now owns 402,412 shares of the restaurant operator's stock valued at $184,888,000 after acquiring an additional 33,105 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Domino's Pizza by 12.8% during the first quarter. Wellington Management Group LLP now owns 350,086 shares of the restaurant operator's stock valued at $160,847,000 after acquiring an additional 39,745 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Insider Activity

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

Domino's Pizza Trading Up 1.2%

Shares of NASDAQ DPZ opened at $424.82 on Thursday. The stock has a market cap of $14.35 billion, a P/E ratio of 24.83, a PEG ratio of 2.22 and a beta of 1.12. Domino's Pizza Inc has a 12-month low of $397.12 and a 12-month high of $500.55. The business's fifty day simple moving average is $437.94 and its 200-day simple moving average is $456.71.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 EPS for the quarter, beating the consensus estimate of $3.96 by $0.12. The firm 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 revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.19 earnings per share. On average, equities analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 15th will be issued a dividend of $1.74 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. Domino's Pizza's dividend payout ratio (DPR) is currently 40.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DPZ shares. Loop Capital upped their price objective on Domino's Pizza from $564.00 to $574.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Piper Sandler reduced their price target on Domino's Pizza from $477.00 to $443.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Weiss Ratings restated a "buy (b-)" rating on shares of Domino's Pizza in a research report on Wednesday, October 8th. TD Cowen restated a "buy" rating and issued a $510.00 price target on shares of Domino's Pizza in a research report on Tuesday, October 14th. Finally, Benchmark upped their price target on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Domino's Pizza presently has a consensus rating of "Moderate Buy" and an average price target of $489.92.

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.

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 Inc (NASDAQ:DPZ - Free Report).

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.