Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Bought by Alliancebernstein L.P.

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

A number of other institutional investors also recently bought and sold shares of the company. Sherman Asset Management Inc. acquired a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. increased its stake in Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Domino’s Pizza by 40.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares during the last quarter. Lee Danner & Bass Inc. purchased a new stake in Domino’s Pizza in the fourth quarter valued at $42,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at $55,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Reddy Sandeep sold 399 shares of Domino’s Pizza 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 owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,996 shares of company stock worth $3,946,461. 0.83% of the stock is owned by insiders.

Domino’s Pizza Trading Down 1.7 %

Shares of NASDAQ:DPZ opened at $436.57 on Tuesday. The firm has a 50 day simple moving average of $461.75 and a 200-day simple moving average of $443.67. The company has a market capitalization of $14.97 billion, a PE ratio of 26.82, a P/E/G ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business posted $4.48 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal 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 given a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.59%. Domino’s Pizza’s payout ratio is 41.70%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DPZ. Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Robert W. Baird reduced 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 research note on Monday. Loop Capital dropped their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, Barclays lifted their price objective on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.04.

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.