AXQ Capital LP Sells 3,763 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

AXQ Capital LP reduced its holdings in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 86.9% in the 4th quarter, according to the company in its most recent 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 quarter. AXQ Capital LP's holdings in Domino's Pizza were worth $238,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sherman Asset Management Inc. bought a new position in Domino's Pizza during the 4th quarter worth approximately $25,000. True Wealth Design LLC lifted its stake in Domino's Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Domino's Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 26 shares during the period. Lee Danner & Bass Inc. bought a new stake in Domino's Pizza during the fourth quarter valued at $42,000. Finally, Private Trust Co. NA raised its holdings in shares of Domino's Pizza by 34.3% during the fourth quarter. Private Trust Co. NA now owns 145 shares of the restaurant operator's stock worth $61,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 94.63% of the company's stock.

Domino's Pizza Price Performance

Shares of DPZ traded up $4.44 during mid-day trading on Thursday, hitting $471.28. The company's stock had a trading volume of 629,576 shares, compared to its average volume of 609,645. The firm has a 50-day moving average price of $458.02 and a 200 day moving average price of $440.84. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.47 and a beta of 1.06.

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Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.48 earnings per share. As a group, equities analysts anticipate that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a yield of 1.48%. 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. Domino's Pizza's payout ratio is presently 41.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DPZ shares. Wedbush reaffirmed an "outperform" rating and set a $500.00 price objective on shares of Domino's Pizza in a research report on Tuesday, February 25th. BMO Capital Markets upped their target price on Domino's Pizza from $500.00 to $515.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price target on shares of Domino's Pizza in a report on Thursday, February 20th. Citigroup boosted their price objective on Domino's Pizza from $440.00 to $520.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Finally, Loop Capital dropped their target price on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $503.41.

Insider Activity

In other news, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. The trade was a 87.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Reddy Sandeep sold 1,077 shares of Domino's Pizza stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 8,081 shares of the company's stock, valued at $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,597 shares of company stock worth $3,762,052 over the last 90 days. 0.76% of the stock is owned by company insiders.

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.