Suvretta Capital Management LLC Invests $16.09 Million in Domino's Pizza, Inc. (NASDAQ:DPZ)

Suvretta Capital Management LLC bought a new position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 38,340 shares of the restaurant operator's stock, valued at approximately $16,094,000. Suvretta Capital Management LLC owned approximately 0.11% of Domino's Pizza as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Czech National Bank lifted its stake in Domino's Pizza by 5.1% in the fourth quarter. Czech National Bank now owns 7,488 shares of the restaurant operator's stock valued at $3,143,000 after purchasing an additional 364 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Domino's Pizza by 97.1% in the fourth quarter. Gateway Investment Advisers LLC now owns 1,768 shares of the restaurant operator's stock valued at $742,000 after buying an additional 871 shares during the period. Avanza Fonder AB bought a new stake in shares of Domino's Pizza in the fourth quarter valued at $946,000. Merit Financial Group LLC purchased a new position in shares of Domino's Pizza during the 4th quarter valued at $354,000. Finally, HB Wealth Management LLC grew its stake in shares of Domino's Pizza by 6.5% during the 4th quarter. HB Wealth Management LLC now owns 891 shares of the restaurant operator's stock worth $374,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Down 0.9%

Shares of NASDAQ DPZ traded down $4.45 during trading hours on Tuesday, reaching $493.07. 358,012 shares of the stock traded hands, compared to its average volume of 625,139. The company's 50-day simple moving average is $467.99 and its two-hundred day simple moving average is $455.40. The company has a market capitalization of $16.88 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, topping the consensus estimate of $4.12 by $0.21. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $3.58 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DPZ. TD Cowen restated a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, February 24th. Stephens reiterated an "equal weight" rating and issued a $440.00 target price on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Loop Capital upped their price target on shares of Domino's Pizza from $555.00 to $564.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Royal Bank of Canada raised their price objective on shares of Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, Robert W. Baird lifted their price objective on shares of Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $498.50.

Insider Activity at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now directly owns 5,699 shares of the company's stock, valued at approximately $2,486,359.72. This represents a 26.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock worth $3,946,461 in the last ninety days. 0.83% of the stock is owned by company insiders.

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.