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 firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $311.74, for a total transaction of $151,817.38. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,915,392.48. This trade represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Domino’s Pizza Stock Performance

NASDAQ:DPZ traded up $11.62 during mid-day trading on Friday, hitting $323.88. 840,470 shares of the company’s stock traded hands, compared to its average volume of 918,066. The firm’s 50 day simple moving average is $335.88 and its 200 day simple moving average is $379.98. The company has a market cap of $10.77 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.46 and a beta of 0.97. Domino’s Pizza Inc has a 1 year low of $297.48 and a 1 year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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). 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 revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.33 earnings per share. On average, research analysts expect that Domino’s Pizza Inc will post 19.07 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Analyst Ratings Changes

Several research firms have issued reports on DPZ. Benchmark decreased their price objective on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Argus upgraded Domino’s Pizza to a “hold” rating in a research note on Monday, March 9th. Stifel Nicolaus set a $400.00 target price on Domino’s Pizza in a research note on Monday, April 27th. Finally, Rothschild & Co Redburn cut their price objective on shares of Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.13.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. SHP Wealth Management bought a new stake in shares of Domino’s Pizza in the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Domino’s Pizza by 97.1% during the fourth 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 last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Domino’s Pizza during the first quarter worth approximately $31,000. Cornerstone Planning Group LLC lifted its holdings in shares of Domino’s Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after buying an additional 81 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its stake in shares of 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 purchasing an additional 56 shares in the last quarter. Hedge funds and other 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.