Domino’s Pizza (NASDAQ:DPZ) Hits New 12-Month Low – Here’s What Happened

Domino’s Pizza Inc (NASDAQ:DPZ)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $297.20 and last traded at $299.1440, with a volume of 122600 shares trading hands. The stock had previously closed at $312.47.

Analyst Ratings Changes

DPZ has been the subject of several research analyst reports. Piper Sandler reduced their target price on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Evercore decreased their price objective on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Rothschild & Co Redburn dropped their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Guggenheim cut their target price on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Argus raised shares of Domino’s Pizza to a “hold” rating in a report on Monday, March 9th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $418.13.

Domino’s Pizza Stock Performance

The company has a fifty day moving average of $329.32 and a two-hundred day moving average of $375.79. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.45 and a beta of 0.98.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $4.33 earnings per share. Equities analysts forecast that Domino’s Pizza Inc will post 19.07 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,463 shares of company stock valued at $466,807 in the last 90 days. Corporate insiders own 0.89% of the company’s stock.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently bought and sold shares of DPZ. Empowered Funds LLC increased its holdings in shares of Domino’s Pizza by 130.3% during the first quarter. Empowered Funds LLC now owns 18,625 shares of the restaurant operator’s stock worth $6,682,000 after purchasing an additional 10,538 shares during the period. Parallel Advisors LLC grew its position in Domino’s Pizza by 955.5% during the first quarter. Parallel Advisors LLC now owns 11,262 shares of the restaurant operator’s stock worth $4,041,000 after buying an additional 10,195 shares in the last quarter. First Nebraska Trust Co acquired a new stake in Domino’s Pizza during the first quarter worth approximately $10,704,000. Alpine Woods Capital Investors LLC increased its stake in Domino’s Pizza by 11.4% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 4,065 shares of the restaurant operator’s stock worth $1,458,000 after acquiring an additional 416 shares during the period. Finally, Ritter Alpha LP bought a new position in Domino’s Pizza during the 1st quarter worth $276,000. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.