Alta Capital Management LLC Has $3 Million Stake in Domino's Pizza, Inc. (NASDAQ:DPZ)

Alta Capital Management LLC boosted its holdings in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,144 shares of the restaurant operator's stock after purchasing an additional 1,214 shares during the quarter. Alta Capital Management LLC's holdings in Domino's Pizza were worth $2,999,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DPZ. KG&L Capital Management LLC lifted its holdings in shares of Domino's Pizza by 1.4% in the 4th quarter. KG&L Capital Management LLC now owns 1,725 shares of the restaurant operator's stock worth $724,000 after purchasing an additional 23 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Domino's Pizza by 2.0% in 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 during the period. Greenleaf Trust lifted its stake in Domino's Pizza by 3.1% in the fourth quarter. Greenleaf Trust now owns 854 shares of the restaurant operator's stock valued at $358,000 after buying an additional 26 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Domino's Pizza by 1.3% during the fourth quarter. Stephens Inc. AR now owns 2,413 shares of the restaurant operator's stock valued at $1,013,000 after acquiring an additional 31 shares during the period. Finally, Principal Securities Inc. grew its position 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 worth $452,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 94.63% of the company's stock.

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Wall Street Analyst Weigh In

DPZ has been the topic of several recent research reports. TD Cowen reiterated a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, February 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research report on Thursday, February 20th. Stephens reissued an "equal weight" rating and issued a $440.00 price objective on shares of Domino's Pizza in a report on Monday. Wedbush reaffirmed an "outperform" rating and set a $500.00 target price on shares of Domino's Pizza in a research note on Tuesday, February 25th. Finally, Robert W. Baird reduced their price target on Domino's Pizza from $545.00 to $510.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $503.41.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded down $8.19 during mid-day trading on Friday, reaching $472.05. 788,662 shares of the company traded hands, compared to its average volume of 597,713. The company's fifty day moving average is $448.94 and its two-hundred day moving average is $437.35. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market cap of $16.19 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

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

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.74 dividend. This is an increase from Domino's Pizza's previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 annualized dividend and a dividend yield of 1.47%. Domino's Pizza's dividend payout ratio (DPR) is presently 41.70%.

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.