Domino’s Pizza (NASDAQ:DPZ) Shares Up 4.1% – Time to Buy?

Domino’s Pizza Inc (NASDAQ:DPZ)’s share price rose 4.1% during trading on Friday . The stock traded as high as $345.99 and last traded at $345.70. Approximately 126,852 shares changed hands during trading, a decline of 86% from the average daily volume of 920,032 shares. The stock had previously closed at $332.05.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Rothschild & Co Redburn dropped their price target on shares of Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Morgan Stanley lowered their price objective on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Royal Bank Of Canada increased their target price on Domino’s Pizza from $325.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. BMO Capital Markets reduced their price target on Domino’s Pizza from $450.00 to $420.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $350.00 price objective on shares of Domino’s Pizza in a report on Monday. Sixteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $397.42.

Domino’s Pizza Stock Performance

The business has a 50-day moving average of $327.85 and a 200 day moving average of $345.61. The stock has a market cap of $11.61 billion, a PE ratio of 19.91, a PEG ratio of 1.66 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. Domino’s Pizza’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $3.81 earnings per share. Equities analysts expect that Domino’s Pizza Inc will post 18.89 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is presently 45.15%.

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total value of $4,002,957.20. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell J. Weiner sold 10,850 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer directly owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,254 shares of company stock valued at $7,888,924 over the last quarter. 0.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently modified their holdings of the stock. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza during the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares during the period. Johnson Financial Group Inc. boosted its holdings in Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza in the first quarter valued at $31,000. Finally, Rakuten Securities Inc. purchased a new stake in Domino’s Pizza during the second quarter valued at about $28,000. 94.63% of the stock is owned by institutional investors and hedge funds.

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.