Tidal Investments LLC Sells 51,667 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ)

Tidal Investments LLC decreased its position in Domino’s Pizza, Inc. (NASDAQ:DPZ) by 89.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc grew its holdings in shares of Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. Norges Bank purchased a new position in shares of Domino’s Pizza in the 4th quarter worth $250,571,000. Invesco Ltd. increased its holdings in shares of Domino’s Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after buying an additional 191,752 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at about $56,647,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Domino’s Pizza in the 4th quarter valued at about $41,701,000. Institutional investors own 94.63% of the company’s stock.

Insider Transactions at Domino’s Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares of the company’s stock, valued at $4,046,848.08. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at $2,486,359.72. This represents a 26.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,996 shares of company stock valued at $3,946,461. Company insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

DPZ has been the topic of several analyst reports. Argus reissued a “hold” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, April 29th. Guggenheim reissued a “neutral” rating on shares of Domino’s Pizza in a research report on Thursday, May 15th. Bank of America raised their price target on Domino’s Pizza from $520.00 to $549.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Morgan Stanley lifted their price objective on shares of Domino’s Pizza from $492.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 29th. Finally, TD Cowen reissued a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $498.50.

Domino’s Pizza Trading Up 0.4%

Shares of DPZ stock opened at $482.26 on Friday. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44. The stock has a fifty day simple moving average of $471.03 and a two-hundred day simple moving average of $456.20. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $3.58 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts predict that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.44%. Domino’s Pizza’s dividend payout ratio is currently 39.91%.

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.