Tidal Investments LLC Increases Stake in Domino’s Pizza Inc $DPZ

Tidal Investments LLC raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 41.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,221 shares of the restaurant operator’s stock after purchasing an additional 10,244 shares during the quarter. Tidal Investments LLC owned 0.11% of Domino’s Pizza worth $10,427,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of Domino’s Pizza by 34,175.6% in the second quarter. California State Teachers Retirement System now owns 14,904,726 shares of the restaurant operator’s stock worth $4,412,395,000 after buying an additional 14,861,241 shares during the period. Berkshire Hathaway Inc boosted its position in Domino’s Pizza by 12.3% during the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator’s stock valued at $1,396,347,000 after buying an additional 368,055 shares during the period. Soroban Capital Partners LP bought a new stake in Domino’s Pizza in the 1st quarter worth $895,251,000. BlackRock Inc. bought a new stake in Domino’s Pizza in the 2nd quarter worth $715,704,000. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Domino’s Pizza by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator’s stock valued at $837,091,000 after acquiring an additional 7,497 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $311.60 on Friday. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $458.27. The company’s 50-day moving average is $336.15 and its 200 day moving average is $342.28. The stock has a market capitalization of $10.31 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.46 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.19 billion during the quarter. During the same period in the previous year, the business earned $3.81 EPS. Domino’s Pizza’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts anticipate that Domino’s Pizza Inc will post 18.88 earnings per share for the current year.

Domino’s Pizza Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on DPZ. TD Cowen upped their price objective on shares of Domino’s Pizza from $310.00 to $320.00 and gave the company a “hold” rating in a research note on Thursday. KeyCorp restated a “sector weight” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Evercore reaffirmed an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday, July 9th. Oppenheimer dropped their price objective on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Morgan Stanley cut their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Sixteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and an average price target of $398.06.

Insider Activity at Domino’s Pizza

In related news, CEO Russell Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kelly Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,767 shares of company stock worth $7,737,107 over the last 90 days. 0.89% of the stock is currently owned by corporate insiders.

About Domino’s Pizza

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.