In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Dominos Pizza Inc. (NYSE:DPZ) reported that Tiger Global Management LLC. has picked up 3,000,000 of common stock as of 2017-02-17.
The acquisition brings the aggregate amount owned by Tiger Global Management LLC. to a total of 3,000,000 representing a 6.2% stake in the company.
For those not familiar with the company, Domino’s Pizza, Inc. is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States. Its International Franchise segment consists of a network of franchised stores in approximately 80 international markets. Its supply chain segment operates approximately 20 regional dough manufacturing and food supply chain centers in the United States; a thin crust manufacturing center; a vegetable processing center, and a center providing equipment and supplies to certain of its domestic and international stores. Its basic menu features pizza products in various sizes and crust types. Its stores also offer oven-baked sandwiches, pasta, bread side items, desserts and soft drink products.
A glance at Dominos Pizza Inc. (NYSE:DPZ)’s key stats reveals a current market capitalization of 9.06 billion based on 48.19 million shares outstanding and a price at last close of $187.93 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-07-22, Balson picked up 8,870 at a purchase price of $112.33. This brings their total holding to 8,870 as of the date of the filing.
On the sell side, the most recent transaction saw Hamilton unload 4,000 shares at a sale price of $165.28. This brings their total holding to 30,230.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Dominos Pizza Inc. (NYSE:DPZ) as things move forward to see if its progress aligns with these transactions.
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