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 completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Domino’s Pizza Stock Down 1.9%

Shares of Domino’s Pizza stock traded down $6.10 on Tuesday, reaching $310.42. The company’s stock had a trading volume of 665,033 shares, compared to its average volume of 943,809. The company has a market capitalization of $10.32 billion, a P/E ratio of 17.87, a PEG ratio of 1.47 and a beta of 1.02. Domino’s Pizza Inc has a 52-week low of $297.48 and a 52-week high of $496.00. The stock has a 50-day moving average price of $351.34 and a 200-day moving average price of $388.52.

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

Domino’s Pizza Dividend Announcement

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

Institutional Trading of Domino’s Pizza

A number of large investors have recently made changes to their positions in DPZ. Huntleigh Advisors Inc. lifted its position in Domino’s Pizza by 5.0% during the 4th quarter. Huntleigh Advisors Inc. now owns 530 shares of the restaurant operator’s stock worth $221,000 after acquiring an additional 25 shares during the period. Lafayette Investments Inc. lifted its position in Domino’s Pizza by 2.8% during the 3rd quarter. Lafayette Investments Inc. now owns 955 shares of the restaurant operator’s stock worth $412,000 after acquiring an additional 26 shares during the period. Parallel Advisors LLC lifted its position in Domino’s Pizza by 2.9% during the 3rd quarter. Parallel Advisors LLC now owns 965 shares of the restaurant operator’s stock worth $417,000 after acquiring an additional 27 shares during the period. Bessemer Group Inc. lifted its position in Domino’s Pizza by 1.2% during the 3rd quarter. Bessemer Group Inc. now owns 2,317 shares of the restaurant operator’s stock worth $1,000,000 after acquiring an additional 28 shares during the period. Finally, Colonial Trust Co SC lifted its position in Domino’s Pizza by 5.3% during the 3rd quarter. Colonial Trust Co SC now owns 561 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 28 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DPZ. BMO Capital Markets decreased their target price on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Benchmark decreased their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. DA Davidson decreased their target price on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. BTIG Research decreased their target price 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. Finally, Sanford C. Bernstein decreased their target price on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $419.74.

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.