Domino’s Pizza, Inc. (NASDAQ:DPZ) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 562.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,037 shares of the restaurant operator’s stock after acquiring an additional 50,131 shares during the period. Los Angeles Capital Management LLC’s holdings in Domino’s Pizza were worth $24,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC boosted its position in shares of Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares during the period. Principal Financial Group Inc. boosted its position in shares of Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after buying an additional 21,705 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Domino’s Pizza during the third quarter worth approximately $549,399,000. Bank of New York Mellon Corp boosted its position in shares of Domino’s Pizza by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 267,046 shares of the restaurant operator’s stock worth $112,095,000 after buying an additional 8,753 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in shares of Domino’s Pizza during the third quarter worth approximately $99,352,000. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Up 3.2 %

Domino’s Pizza stock opened at $470.14 on Wednesday. The company’s fifty day simple moving average is $441.59 and its 200-day simple moving average is $435.35. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The stock has a market cap of $16.23 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.47 and a beta of 0.90.

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

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 37.10%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DPZ. Stephens upped their target price on Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Citigroup upped their target price on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. Morgan Stanley cut their target price on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, BMO Capital Markets upped their target price on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

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.