Domino’s Pizza, Inc. (NYSE:DPZ) Director Andrew Balson Sells 6,970 Shares

Domino’s Pizza, Inc. (NYSE:DPZ) Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction dated 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 $6,591,075.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Domino’s Pizza Stock Up 0.2 %

DPZ opened at $429.38 on Friday. The firm has a 50-day simple moving average of $421.41 and a two-hundred day simple moving average of $467.79. Domino’s Pizza, Inc. has a 52 week low of $332.13 and a 52 week high of $542.75. The company has a market capitalization of $14.98 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.18 EPS. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio is presently 39.43%.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Marshfield Associates grew its position in shares of Domino’s Pizza by 0.3% in the second quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after purchasing an additional 2,271 shares during the period. TD Asset Management Inc grew its position in shares of Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after purchasing an additional 138,224 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Domino’s Pizza by 107.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Domino’s Pizza by 4.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 398,322 shares of the restaurant operator’s stock valued at $205,666,000 after purchasing an additional 18,030 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on DPZ. Oppenheimer reissued an “outperform” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research note on Friday, October 11th. TD Cowen reaffirmed a “buy” rating and set a $475.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and set a $470.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Bank of America dropped their price objective on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Finally, Royal Bank of Canada lowered their price target on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $489.55.

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.