Domino’s Pizza (NASDAQ:DPZ) EVP Sells $152,822.08 in Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 488 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This represents a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Domino’s Pizza Price Performance

NASDAQ:DPZ opened at $310.35 on Friday. Domino’s Pizza Inc has a 12-month low of $297.48 and a 12-month high of $496.00. The firm has a market capitalization of $10.32 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.44 and a beta of 1.02. The business has a 50 day simple moving average of $346.19 and a 200 day simple moving average of $386.55.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. Domino’s Pizza’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.33 earnings per share. Research analysts anticipate that Domino’s Pizza Inc will post 19.15 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.6%. Domino’s Pizza’s payout ratio is presently 45.83%.

Analyst Ratings Changes

Several brokerages have weighed in on DPZ. Rothschild & Co Redburn cut their target price on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. BTIG Research dropped their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Robert W. Baird dropped their price objective on Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. Loop Capital dropped their price objective on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Argus raised Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $418.13.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of DPZ. Berkshire Hathaway Inc increased its position in Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Marshfield Associates increased its position in Domino’s Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after buying an additional 28,765 shares during the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.8% during the third quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after buying an additional 30,647 shares during the last quarter. Mediolanum International Funds Ltd increased its position in Domino’s Pizza by 209.6% during the third quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after buying an additional 2,813 shares during the last quarter. Finally, Machina Capital S.A.S. acquired a new position in Domino’s Pizza during the third quarter worth $1,557,000. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.