Alliancebernstein L.P. Raises Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Alliancebernstein L.P. increased its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,832 shares of the restaurant operator’s stock after buying an additional 2,918 shares during the period. Alliancebernstein L.P. owned about 0.12% of Domino’s Pizza worth $17,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. KG&L Capital Management LLC boosted its position in 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 acquiring an additional 23 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Domino’s Pizza by 2.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 1,157 shares of the restaurant operator’s stock worth $486,000 after purchasing an additional 23 shares during the last quarter. Greenleaf Trust boosted 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 valued at $358,000 after purchasing an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Domino’s Pizza by 2.8% in the fourth quarter. Larson Financial Group LLC now owns 1,017 shares of the restaurant operator’s stock worth $427,000 after purchasing an additional 28 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Kelly E. Garcia sold 2,104 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the sale, the executive vice president now directly owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock worth $3,946,461 over the last 90 days. 0.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DPZ shares. Robert W. Baird lowered their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Monday. Benchmark reaffirmed a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. BMO Capital Markets increased their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $503.04.

Domino’s Pizza Price Performance

DPZ opened at $436.57 on Tuesday. The firm has a fifty day moving average price of $461.75 and a 200 day moving average price of $443.67. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The stock has a market cap of $14.97 billion, a P/E ratio of 26.82, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company posted $4.48 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Equities analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.59%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

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.