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

Tidal Investments LLC decreased its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 89.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,774 shares of the restaurant operator's stock after selling 51,667 shares during the quarter. Tidal Investments LLC's holdings in Domino's Pizza were worth $2,424,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DPZ. Sherman Asset Management Inc. purchased a new stake in shares of Domino's Pizza during the 4th quarter worth approximately $25,000. Brown Brothers Harriman & Co. raised its position in shares of Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd raised its position in shares of Domino's Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 49 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Domino's Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Domino's Pizza during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of DPZ traded up $0.77 during trading hours on Wednesday, hitting $485.33. The stock had a trading volume of 96,383 shares, compared to its average volume of 624,202. The firm has a market cap of $16.62 billion, a P/E ratio of 29.79, a P/E/G ratio of 2.47 and a beta of 1.15. The company's fifty day simple moving average is $472.33 and its 200 day simple moving average is $457.05. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $538.44.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $3.58 EPS. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. The ex-dividend date is Friday, June 13th. This represents a $6.96 annualized dividend and a yield of 1.43%. Domino's Pizza's dividend payout ratio is currently 39.91%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DPZ. TD Cowen restated a "buy" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, February 24th. Wedbush restated an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. Guggenheim restated a "neutral" rating on shares of Domino's Pizza in a research report on Thursday, May 15th. Hsbc Global Res upgraded Domino's Pizza to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, Benchmark lifted their price objective on Domino's Pizza from $520.00 to $535.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. One investment 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $498.50.

Insider Activity at Domino's Pizza

In related news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares of the company's stock, valued at approximately $3,581,499.20. This represents a 11.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,996 shares of company stock worth $3,946,461. Corporate insiders own 0.83% of the company's stock.

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.