Domino’s Pizza (NYSE:DPZ) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Domino’s Pizza (NYSE:DPZ) issued its quarterly earnings data on Monday. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12, Briefing.com reports. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.93 earnings per share.

Domino’s Pizza Stock Performance

NYSE DPZ traded up $1.48 on Tuesday, hitting $528.61. The stock had a trading volume of 45,467 shares, compared to its average volume of 580,014. The firm has a 50-day moving average of $469.22 and a 200-day moving average of $420.72. Domino’s Pizza has a 52-week low of $285.84 and a 52-week high of $539.99. The company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

Domino’s Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 annualized dividend and a yield of 1.14%. Domino’s Pizza’s dividend payout ratio is currently 41.17%.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stephens reissued an “equal weight” rating and issued a $479.00 price target on shares of Domino’s Pizza in a research report on Monday. Barclays increased their target price on shares of Domino’s Pizza from $405.00 to $470.00 and gave the company an “underweight” rating in a report on Tuesday. Morgan Stanley boosted their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research report on Friday. Finally, Stifel Nicolaus lifted their target price on shares of Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $482.07.

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.