Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Sells $917,933.12 in Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares in the company, valued at approximately $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Domino’s Pizza Stock Up 1.9 %

Shares of Domino’s Pizza stock traded up $8.15 during trading on Wednesday, reaching $438.71. 884,893 shares of the stock were exchanged, compared to its average volume of 603,450. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The stock’s fifty day moving average is $450.39 and its 200 day moving average is $437.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the business posted $4.48 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio is 41.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DPZ shares. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. BMO Capital Markets increased their target price on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Robert W. Baird reduced their price target on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Hedge Funds Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently made changes to their positions in DPZ. Sherman Asset Management Inc. purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth $25,000. Wood Tarver Financial Group LLC purchased a new position in Domino’s Pizza in the fourth quarter worth about $25,000. True Wealth Design LLC raised its holdings in Domino’s Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. Institutional investors own 94.63% 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.