Domino’s Pizza, Inc. (NYSE:DPZ) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its stake in shares of Domino’s Pizza, Inc. (NYSE:DPZ) by 23.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,665 shares of the restaurant operator’s stock after selling 2,592 shares during the quarter. Tidal Investments LLC’s holdings in Domino’s Pizza were worth $4,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. California State Teachers Retirement System lifted its position in Domino’s Pizza by 0.6% during the 1st quarter. California State Teachers Retirement System now owns 57,362 shares of the restaurant operator’s stock worth $28,502,000 after acquiring an additional 339 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in Domino’s Pizza during the 1st quarter worth about $263,000. Jacobs Levy Equity Management Inc. raised its stake in Domino’s Pizza by 2.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 206,441 shares of the restaurant operator’s stock valued at $102,576,000 after purchasing an additional 5,360 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Domino’s Pizza by 124.5% in the 1st quarter. Janus Henderson Group PLC now owns 11,184 shares of the restaurant operator’s stock valued at $5,555,000 after purchasing an additional 6,202 shares in the last quarter. Finally, Bayesian Capital Management LP boosted its stake in shares of Domino’s Pizza by 701.3% during the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after purchasing an additional 4,201 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. UBS Group boosted their price objective on Domino’s Pizza from $526.00 to $570.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. TD Cowen reaffirmed a “buy” rating and set a $610.00 price target on shares of Domino’s Pizza in a report on Thursday, July 18th. TD Securities restated a “buy” rating and set a $580.00 price objective on shares of Domino’s Pizza in a report on Thursday, May 16th. Finally, Morgan Stanley increased their target price on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $517.39.

Domino’s Pizza Trading Down 0.8 %

DPZ traded down $3.52 during trading hours on Friday, hitting $423.12. The company’s stock had a trading volume of 13,031 shares, compared to its average volume of 592,585. Domino’s Pizza, Inc. has a fifty-two week low of $330.05 and a fifty-two week high of $542.75. The company has a 50-day simple moving average of $490.20 and a 200 day simple moving average of $474.13. The firm has a market capitalization of $14.80 billion, a PE ratio of 27.85, a PEG ratio of 2.25 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $3.08 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Research analysts expect that Domino’s Pizza, Inc. will post 16.19 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.43%. Domino’s Pizza’s payout ratio is currently 39.43%.

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.