Two Sigma Investments LP Cuts Position in Domino's Pizza, Inc. (NASDAQ:DPZ)

Two Sigma Investments LP cut its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,033 shares of the restaurant operator's stock after selling 5,399 shares during the quarter. Two Sigma Investments LP owned about 0.06% of Domino's Pizza worth $8,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of DPZ. Janney Montgomery Scott LLC boosted its stake in Domino's Pizza by 278.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after acquiring an additional 8,136 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Domino's Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock worth $2,398,000 after purchasing an additional 1,762 shares in the last quarter. Alta Capital Management LLC boosted its position in shares of 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 worth $2,999,000 after purchasing an additional 1,214 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Domino's Pizza by 1.3% in the 4th 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 last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Domino's Pizza during the 4th quarter valued at approximately $282,000. Institutional investors own 94.63% of the company's stock.

Insiders Place Their Bets

In other Domino's Pizza 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 value 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 filing with the SEC, which is accessible through the SEC website. Also, EVP Kevin Scott Morris sold 5,416 shares of the business's stock in a transaction dated 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 owns 793 shares in the company, valued at $346,541. The trade was a 87.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,996 shares of company stock worth $3,946,461. Company insiders own 0.83% of the company's stock.

Domino's Pizza Price Performance

Shares of NASDAQ:DPZ traded down $2.00 during midday trading on Friday, hitting $472.52. The company had a trading volume of 101,190 shares, compared to its average volume of 624,495. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $538.44. The company has a fifty day moving average of $472.94 and a two-hundred day moving average of $457.42. The company has a market cap of $16.18 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its quarterly 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 company posted $3.58 earnings per share. Domino's Pizza's revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts expect that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The company also recently announced 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. This represents a $6.96 annualized dividend and a yield of 1.47%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio is 39.91%.

Analyst Ratings Changes

Several equities research analysts have commented on DPZ shares. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Stephens reiterated an "equal weight" rating and issued a $440.00 price target on shares of Domino's Pizza in a research note on Wednesday, April 2nd. Wedbush reiterated an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a report on Tuesday, February 25th. Bank of America lifted their target price on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Royal Bank of Canada boosted their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $498.50.

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.