Domino’s Pizza, Inc. (DPZ) To Go Ex-Dividend on December 13th

Domino’s Pizza, Inc. (NYSE:DPZ) declared a quarterly dividend on Tuesday, October 8th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 1.51 per share by the restaurant operator on Friday, December 27th. This represents a $6.04 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, December 13th.

Domino’s Pizza has raised its dividend by an average of 15.8% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Domino’s Pizza has a payout ratio of 34.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Domino’s Pizza to earn $17.63 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 34.3%.

Domino’s Pizza Trading Up 2.0 %

Shares of DPZ traded up $9.27 during mid-day trading on Wednesday, hitting $463.43. 130,565 shares of the company’s stock were exchanged, compared to its average volume of 602,877. The firm has a market capitalization of $16.00 billion, a P/E ratio of 27.90, a P/E/G ratio of 2.48 and a beta of 0.88. Domino’s Pizza has a fifty-two week low of $393.00 and a fifty-two week high of $542.75. The business’s 50 day moving average is $437.85 and its two-hundred day moving average is $451.19.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $4.18 earnings per share. On average, equities research analysts forecast that Domino’s Pizza will post 16.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DPZ. Evercore ISI lowered their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. dropped their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Oppenheimer reissued an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a report on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and upped their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target of $495.76.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the sale, the executive vice president now directly owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the sale, the director now owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. The trade was a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.