Alta Capital Management LLC Increases Holdings in Domino's Pizza Inc (NASDAQ:DPZ)

Alta Capital Management LLC boosted its stake in Domino's Pizza Inc (NASDAQ:DPZ - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,932 shares of the restaurant operator's stock after purchasing an additional 788 shares during the period. Alta Capital Management LLC's holdings in Domino's Pizza were worth $3,644,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. raised its stake in shares of Domino's Pizza by 3.3% during the fourth quarter. Principal Securities Inc. now owns 1,076 shares of the restaurant operator's stock valued at $452,000 after purchasing an additional 34 shares during the period. Allworth Financial LP grew its holdings in Domino's Pizza by 37.6% during the 4th quarter. Allworth Financial LP now owns 150 shares of the restaurant operator's stock valued at $66,000 after purchasing an additional 41 shares in the last quarter. CIBC Asset Management Inc increased its stake in Domino's Pizza by 3.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,271 shares of the restaurant operator's stock worth $2,213,000 after buying an additional 178 shares during the period. D.A. Davidson & CO. increased its stake in Domino's Pizza by 9.2% during the 4th quarter. D.A. Davidson & CO. now owns 4,928 shares of the restaurant operator's stock worth $2,069,000 after buying an additional 415 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Domino's Pizza by 4.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,724 shares of the restaurant operator's stock worth $724,000 after buying an additional 80 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DPZ. Wedbush reaffirmed an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research report on Tuesday, February 25th. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. TD Securities reaffirmed a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research report on Monday, April 28th. Wells Fargo & Company increased their target price on Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 29th. Finally, Citigroup lifted their price target on shares of Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $487.17.

Domino's Pizza Trading Down 2.6%

Shares of NASDAQ DPZ opened at $446.77 on Friday. Domino's Pizza Inc has a 12-month low of $396.06 and a 12-month high of $535.26. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. The stock's 50 day simple moving average is $474.27 and its 200 day simple moving average is $457.98.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 15.45% and a net margin of 12.84%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $3.58 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Domino's Pizza Inc will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.56%. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insider Activity at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is currently owned by insiders.

Domino's Pizza 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.

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