Alpine Group USVI LLC Makes New Investment in Domino’s Pizza, Inc. (NYSE:DPZ)

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Alpine Group USVI LLC acquired a new position in shares of Domino’s Pizza, Inc. (NYSE:DPZ) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,732 shares of the restaurant operator’s stock, valued at approximately $424,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in Domino’s Pizza by 51.2% during the second quarter. Morgan Stanley now owns 291,648 shares of the restaurant operator’s stock worth $81,160,000 after buying an additional 98,716 shares during the last quarter. Stevens Capital Management LP boosted its stake in Domino’s Pizza by 124.6% during the second quarter. Stevens Capital Management LP now owns 3,416 shares of the restaurant operator’s stock worth $951,000 after buying an additional 1,895 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Domino’s Pizza by 62.2% during the second quarter. Victory Capital Management Inc. now owns 353,333 shares of the restaurant operator’s stock worth $98,325,000 after buying an additional 135,497 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in Domino’s Pizza during the second quarter worth $3,862,000. Finally, LPL Financial LLC boosted its stake in Domino’s Pizza by 226.9% during the second quarter. LPL Financial LLC now owns 11,099 shares of the restaurant operator’s stock worth $3,089,000 after buying an additional 7,704 shares during the last quarter. 94.96% of the stock is currently owned by institutional investors.

Shares of DPZ stock traded up $3.00 on Friday, hitting $257.77. The stock had a trading volume of 72,148 shares, compared to its average volume of 1,082,980. The firm has a market capitalization of $10.47 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.84 and a beta of 0.50. Domino’s Pizza, Inc. has a 1 year low of $220.90 and a 1 year high of $302.05. The company’s 50 day moving average price is $239.00 and its 200-day moving average price is $259.70.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Tuesday, October 8th. The restaurant operator reported $2.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.06 by ($0.01). The firm had revenue of $820.81 million during the quarter, compared to analysts’ expectations of $827.23 million. Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. Domino’s Pizza’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 EPS. Equities analysts forecast that Domino’s Pizza, Inc. will post 9.38 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. Cowen reissued an “outperform” rating and set a $295.00 price objective (up previously from $260.00) on shares of Domino’s Pizza in a research note on Wednesday. Mizuho reduced their target price on Domino’s Pizza from $320.00 to $305.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Credit Suisse Group reduced their target price on Domino’s Pizza from $320.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. BTIG Research set a $325.00 target price on Domino’s Pizza and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, MKM Partners assumed coverage on Domino’s Pizza in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $265.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. Domino’s Pizza presently has an average rating of “Buy” and a consensus target price of $289.00.

Domino’s Pizza Company Profile

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

Further Reading: Strike Price

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

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