Trexquant Investment LP Buys New Shares in Domino's Pizza, Inc. (NASDAQ:DPZ)

Trexquant Investment LP acquired a new position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,910 shares of the restaurant operator's stock, valued at approximately $2,061,000.

Other institutional investors have also recently made changes to their positions in the company. Sherman Asset Management Inc. purchased a new position in Domino's Pizza during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its position in shares of Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after buying an additional 26 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Domino's Pizza in the fourth quarter valued at approximately $42,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Domino's Pizza during the fourth quarter valued at approximately $55,000. Institutional investors own 94.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DPZ. Oppenheimer boosted their price objective on Domino's Pizza from $490.00 to $495.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. Wedbush restated an "outperform" rating and set a $500.00 price target on shares of Domino's Pizza in a research report on Tuesday, February 25th. TD Cowen reaffirmed a "buy" rating and issued a $490.00 price objective on shares of Domino's Pizza in a research report on Monday, February 24th. TD Securities reiterated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a research note on Monday, March 31st. Finally, Argus lowered shares of Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $499.69.

Insiders Place Their Bets

In other news, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kevin Scott Morris sold 5,416 shares of the company's stock in a transaction on 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock valued at $3,946,461 in the last quarter. Corporate insiders own 0.83% of the company's stock.

Domino's Pizza Stock Up 1.3 %

Shares of DPZ stock traded up $5.89 on Monday, reaching $468.06. The company's stock had a trading volume of 60,284 shares, compared to its average volume of 670,640. The company has a market capitalization of $16.05 billion, a P/E ratio of 28.75, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The stock's 50 day simple moving average is $461.95 and its 200-day simple moving average is $444.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) 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). The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.47 billion. Domino's Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business's revenue was up 2.9% on a year-over-year basis. During the same period 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $1.74 per share. The ex-dividend date was Friday, March 14th. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.49%. Domino's Pizza's payout ratio 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.