Domino’s Pizza, Inc. (NASDAQ:DPZ) Stock Holdings Lessened by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC reduced its holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,847 shares of the restaurant operator’s stock after selling 27 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Domino’s Pizza were worth $2,454,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Berkshire Hathaway Inc bought a new position in shares of Domino’s Pizza in the 3rd quarter worth about $549,399,000. Janney Montgomery Scott LLC lifted its position in shares of Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock worth $4,643,000 after buying an additional 8,136 shares during the last quarter. Empowered Funds LLC lifted its position in Domino’s Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after purchasing an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Domino’s Pizza by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Alta Capital Management LLC lifted its position in Domino’s Pizza by 20.5% in the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock valued at $2,999,000 after purchasing an additional 1,214 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on DPZ shares. Robert W. Baird cut their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Oppenheimer lifted their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Barclays lifted their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research report on Tuesday, February 25th. Citigroup lifted their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley cut their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Price Performance

Shares of DPZ opened at $428.67 on Friday. The firm’s 50 day moving average is $450.77 and its 200-day moving average is $437.97. The stock has a market capitalization of $14.70 billion, a P/E ratio of 26.33, a P/E/G ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business earned $4.48 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company 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 represents a $6.96 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is presently 41.70%.

Insider Transactions at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total transaction of $917,933.12. Following the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the transaction, the chief financial officer now directly owns 8,081 shares in the company, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate 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.