Tidal Investments LLC Decreases Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Tidal Investments LLC cut its stake in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 89.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,774 shares of the restaurant operator's stock after selling 51,667 shares during the period. Tidal Investments LLC's holdings in Domino's Pizza were worth $2,424,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Teza Capital Management LLC lifted its position in shares of Domino's Pizza by 140.2% in the fourth quarter. Teza Capital Management LLC now owns 1,794 shares of the restaurant operator's stock valued at $753,000 after buying an additional 1,047 shares during the last quarter. Suvretta Capital Management LLC acquired a new stake in Domino's Pizza during the 4th quarter worth approximately $16,094,000. Snowden Capital Advisors LLC lifted its holdings in Domino's Pizza by 4.3% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,496 shares of the restaurant operator's stock worth $2,727,000 after purchasing an additional 267 shares during the last quarter. Siemens Fonds Invest GmbH acquired a new stake in Domino's Pizza during the 4th quarter worth approximately $18,544,000. Finally, Rafferty Asset Management LLC lifted its holdings in Domino's Pizza by 11.6% during the 4th quarter. Rafferty Asset Management LLC now owns 3,213 shares of the restaurant operator's stock worth $1,349,000 after purchasing an additional 334 shares during the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 over the last 90 days. Company insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

Shares of DPZ stock traded up $4.55 during trading hours on Tuesday, hitting $484.98. The stock had a trading volume of 228,580 shares, compared to its average volume of 634,707. Domino's Pizza, Inc. has a one year low of $396.06 and a one year high of $538.44. The stock's 50-day moving average price is $471.96 and its two-hundred day moving average price is $456.86. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $0.21. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business earned $3.58 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.44%. Domino's Pizza's dividend payout ratio is currently 39.91%.

Analysts Set New Price Targets

Several analysts recently weighed in on DPZ shares. TD Cowen reissued a "buy" rating and set a $490.00 price target on shares of Domino's Pizza in a report on Monday, February 24th. TD Securities restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Monday, April 28th. Royal Bank of Canada raised their price objective on Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Loop Capital raised their price objective on Domino's Pizza from $555.00 to $564.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Argus restated a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Domino's Pizza currently has an average rating of "Moderate Buy" and an average price target of $498.50.

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.