AXQ Capital LP Cuts Stock Holdings in Domino’s Pizza, Inc. (NASDAQ:DPZ)

AXQ Capital LP trimmed its position in shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) by 86.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 567 shares of the restaurant operator’s stock after selling 3,763 shares during the period. AXQ Capital LP’s holdings in Domino’s Pizza were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DPZ. Principal Financial Group Inc. raised its stake in shares of Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after acquiring an additional 23,681 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Domino’s Pizza in the third quarter worth about $680,000. PNC Financial Services Group Inc. raised its stake in Domino’s Pizza by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 10,381 shares of the restaurant operator’s stock worth $4,465,000 after buying an additional 479 shares in the last quarter. Avior Wealth Management LLC raised its stake in Domino’s Pizza by 155.3% in the third quarter. Avior Wealth Management LLC now owns 457 shares of the restaurant operator’s stock worth $197,000 after buying an additional 278 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Domino’s Pizza by 10.3% in the third quarter. First Horizon Advisors Inc. now owns 429 shares of the restaurant operator’s stock worth $185,000 after buying an additional 40 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of research reports. Citigroup increased their price target on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Wedbush restated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. BMO Capital Markets upped their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Benchmark restated a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 25th. Finally, Robert W. Baird cut their price objective on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $503.41.

Insiders Place Their Bets

In other news, EVP Kevin Scott Morris sold 5,416 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares in the company, valued at $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,597 shares of company stock worth $3,762,052. Company insiders own 0.76% of the company’s stock.

Domino’s Pizza Trading Down 1.0 %

DPZ opened at $461.40 on Monday. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75. The company has a market capitalization of $15.82 billion, a PE ratio of 28.34, a PEG ratio of 2.47 and a beta of 1.06. The firm’s 50 day simple moving average is $454.96 and its two-hundred day simple moving average is $439.90.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the business posted $4.48 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.51%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

About Domino’s Pizza

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.