Tidal Investments LLC Grows Stock Holdings in Domino’s Pizza Inc $DPZ

Tidal Investments LLC lifted its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 41.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,221 shares of the restaurant operator’s stock after purchasing an additional 10,244 shares during the quarter. Tidal Investments LLC’s holdings in Domino’s Pizza were worth $10,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DPZ. Andina Capital Management LLC increased its position in Domino’s Pizza by 3.1% during the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock valued at $457,000 after buying an additional 33 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in Domino’s Pizza by 5.1% in the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 33 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares in the last quarter. Unified Investment Management grew its stake in shares of Domino’s Pizza by 5.5% in the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock worth $311,000 after acquiring an additional 39 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Domino’s Pizza by 4.2% in the fourth quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock worth $449,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Insider Activity

In other Domino’s Pizza news, CEO Russell Weiner sold 10,850 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kelly Garcia sold 12,430 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 23,767 shares of company stock worth $7,737,107 over the last three months. Insiders own 0.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DPZ shares. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. BMO Capital Markets reduced their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. BTIG Research reaffirmed a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 21st. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research report on Tuesday, July 21st. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $398.06.

Domino’s Pizza Trading Down 1.8%

Shares of DPZ opened at $311.60 on Friday. The firm has a fifty day simple moving average of $336.15 and a two-hundred day simple moving average of $342.28. The firm has a market cap of $10.31 billion, a PE ratio of 17.67, a P/E/G ratio of 1.46 and a beta of 0.94. Domino’s Pizza Inc has a 1-year low of $282.00 and a 1-year high of $458.27.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm had revenue of $1.19 billion during the quarter. During the same quarter in the prior year, the business posted $3.81 EPS. Domino’s Pizza’s revenue was up 4.3% on a year-over-year basis. As a group, research analysts forecast that Domino’s Pizza Inc will post 18.88 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.6%. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Domino’s Pizza Profile

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.