Domino’s Pizza (NASDAQ:DPZ) EVP Kelly Garcia Sells 487 Shares

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 487 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,777,637.52. The trade was a 4.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ traded down $1.42 during midday trading on Friday, hitting $299.46. The company’s stock had a trading volume of 624,376 shares, compared to its average volume of 920,736. The business’s 50 day simple moving average is $310.32 and its 200 day simple moving average is $362.64. The company has a market cap of $9.96 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.40 and a beta of 0.97. Domino’s Pizza Inc has a 12-month low of $282.00 and a 12-month high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion for the quarter. During the same quarter in the previous year, the firm earned $4.33 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Domino’s Pizza Inc will post 18.99 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DPZ shares. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a research report on Thursday. UBS Group lowered their price objective on Domino’s Pizza from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. TD Cowen lowered their price objective on Domino’s Pizza from $350.00 to $295.00 and set a “hold” rating on the stock in a research note on Thursday. The Goldman Sachs Group dropped their target price on Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Weiss Ratings downgraded Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $405.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new stake in Domino’s Pizza during the second quarter worth $3,183,000. Investment Management Corp of Ontario lifted its stake in shares of Domino’s Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after purchasing an additional 647 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Domino’s Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after purchasing an additional 14,452 shares during the last quarter. Glenview Trust co grew its holdings in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after purchasing an additional 306 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in shares of Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 195 shares during the period. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.