Trexquant Investment LP Invests $2.06 Million in Domino’s Pizza, Inc. (NASDAQ:DPZ)

Trexquant Investment LP bought a new stake in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,910 shares of the restaurant operator’s stock, valued at approximately $2,061,000.

Several other hedge funds have also bought and sold shares of the stock. Sherman Asset Management Inc. purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at about $25,000. Brown Brothers Harriman & Co. increased its stake in shares of Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in 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 valued at $38,000 after purchasing an additional 26 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Domino’s Pizza during the 4th quarter valued at $42,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in Domino’s Pizza in the 4th quarter worth $55,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 1.3 %

DPZ stock opened at $430.72 on Wednesday. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.47 and a beta of 1.15. Domino’s Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $542.75. The business’s fifty day simple moving average is $461.83 and its two-hundred day simple moving average is $443.70.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.48 EPS. Research analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.74 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.62%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

Analyst Upgrades and Downgrades

DPZ has been the topic of several research analyst reports. Robert W. Baird lowered their price objective on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Monday. Loop Capital lowered their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, April 1st. Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $503.04.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the transaction, the executive vice president now directly owns 793 shares of the company’s stock, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kelly E. Garcia sold 2,104 shares of the company’s 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 sale, the executive vice president now owns 5,699 shares of the company’s stock, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,996 shares of company stock worth $3,946,461 in the last ninety days. 0.83% of the stock is owned by company insiders.

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.