Domino’s Pizza, Inc. (NASDAQ:DPZ – Get Free Report) CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total transaction of $477,326.40. Following the completion of the sale, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Domino’s Pizza Trading Down 0.7 %
DPZ stock opened at $425.58 on Friday. The company’s 50 day moving average is $450.39 and its 200 day moving average is $437.92. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 1-year low of $396.06 and a 1-year high of $542.75.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted $4.48 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.
Domino’s Pizza Increases Dividend
Hedge Funds Weigh In On Domino’s Pizza
Institutional investors have recently modified their holdings of the company. Sherman Asset Management Inc. purchased a new stake in Domino’s Pizza in the fourth quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino’s Pizza in the 4th quarter valued at $25,000. True Wealth Design LLC grew its holdings in shares of Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the period. Finally, Covestor Ltd lifted its stake in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 49 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. TD Cowen reaffirmed a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. TD Securities reaffirmed a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Benchmark reissued a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Barclays raised their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a report on Tuesday, February 25th. Finally, Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.
Get Our Latest Stock Report on DPZ
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.
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