Alta Capital Management LLC Purchases 1,214 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Alta Capital Management LLC raised its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,144 shares of the restaurant operator’s stock after acquiring an additional 1,214 shares during the period. Alta Capital Management LLC’s holdings in Domino’s Pizza were worth $2,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. KG&L Capital Management LLC raised its stake in shares of Domino’s Pizza by 1.4% during the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator’s stock valued at $724,000 after purchasing an additional 23 shares during the period. Oppenheimer & Co. Inc. grew its position in Domino’s Pizza by 2.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after buying an additional 23 shares in the last quarter. Greenleaf Trust grew its position in Domino’s Pizza by 3.1% during the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator’s stock worth $358,000 after buying an additional 26 shares in the last quarter. Stephens Inc. AR grew its position in Domino’s Pizza by 1.3% during the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator’s stock worth $1,013,000 after buying an additional 31 shares in the last quarter. Finally, Principal Securities Inc. grew its position in Domino’s Pizza by 3.3% during the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator’s stock worth $452,000 after buying an additional 34 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DPZ. Citigroup boosted their target price on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Morgan Stanley reduced their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Benchmark restated a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. BMO Capital Markets boosted their target price on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Finally, Stephens restated an “equal weight” rating and set a $440.00 target price on shares of Domino’s Pizza in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

Domino’s Pizza Price Performance

DPZ opened at $483.82 on Tuesday. The business has a 50 day simple moving average of $446.07 and a two-hundred day simple moving average of $436.50. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 2.47 and a beta of 0.90. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the company earned $4.48 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.44%. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is currently 41.70%.

About Domino’s Pizza

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.