Domino’s Pizza (NASDAQ:DPZ) EVP Sells 370 Shares of Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Katherine Trumbull sold 370 shares of Domino’s Pizza stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $329.90, for a total value of $122,063.00. Following the sale, the executive vice president directly owned 5,785 shares of the company’s stock, valued at $1,908,471.50. This represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Domino’s Pizza Price Performance

NASDAQ DPZ traded up $4.63 during trading on Thursday, reaching $333.23. The company’s stock had a trading volume of 454,046 shares, compared to its average volume of 897,630. The stock has a market capitalization of $10.96 billion, a PE ratio of 18.36, a P/E/G ratio of 1.52 and a beta of 0.95. The firm has a fifty day moving average of $312.49 and a 200 day moving average of $340.49. Domino’s Pizza Inc has a one year low of $282.00 and a one year high of $442.35.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.33 by $0.27. The firm had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 EPS. Research analysts expect that Domino’s Pizza Inc will post 19.10 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 43.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DPZ shares. Bank of America dropped their target price on shares of Domino’s Pizza from $455.00 to $410.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. Robert W. Baird lowered their price objective on shares of Domino’s Pizza from $325.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. Berenberg Bank raised shares of Domino’s Pizza to a “strong-buy” rating in a report on Monday, October 5th. Guggenheim cut their target price on shares of Domino’s Pizza from $440.00 to $325.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Domino’s Pizza in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $380.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Soroban Capital Partners LP purchased a new position in shares of Domino’s Pizza during the first quarter worth approximately $895,251,000. BlackRock Inc. bought a new position in shares of Domino’s Pizza during the 2nd quarter valued at $715,704,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Domino’s Pizza by 247.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Van ECK Associates Corp raised its position in Domino’s Pizza by 937,192.2% in the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after purchasing an additional 477,968 shares during the period. Finally, Royal Bank of Canada raised its position in Domino’s Pizza by 5.2% in the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock worth $160,817,000 after purchasing an additional 22,320 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc. is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location. The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino’s Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.