Alliancebernstein L.P. Acquires 2,918 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Alliancebernstein L.P. lifted its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 7.3% in the fourth 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 purchasing an additional 2,918 shares during the period. Alliancebernstein L.P. owned 0.12% of Domino's Pizza worth $17,979,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. KG&L Capital Management LLC boosted its holdings in Domino's Pizza by 1.4% in the fourth 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 position in shares of Domino's Pizza by 2.0% in 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 period. Greenleaf Trust boosted its stake in shares of Domino's Pizza by 3.1% during the 4th 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 increased its position in shares of Domino's Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock valued at $38,000 after buying an additional 26 shares during the period. Finally, Larson Financial Group LLC raised its stake 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 buying an additional 28 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company's stock, valued at $346,541. The trade was a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last three months. 0.83% of the stock is currently owned by company insiders.

Domino's Pizza Stock Up 2.0 %

NASDAQ:DPZ traded up $9.12 on Friday, hitting $462.17. The stock had a trading volume of 625,094 shares, compared to its average volume of 625,590. The business's 50-day simple moving average is $461.95 and its two-hundred day simple moving average is $444.47. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 28.39, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its 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 negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $4.48 earnings per share. Domino's Pizza's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current year.

Domino's Pizza Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.51%. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. Domino's Pizza's payout ratio is currently 41.70%.

Analyst Ratings Changes

DPZ has been the topic of several research reports. Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. Argus cut Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Loop Capital decreased their price objective on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating for the company in a report on Tuesday, February 25th. Barclays boosted their target price on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a report on Tuesday, February 25th. Finally, Oppenheimer increased their price target on shares of Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $499.69.

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.