Domino’s Pizza (NASDAQ:DPZ) EVP Sells $151,817.38 in Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 487 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $311.74, for a total value of $151,817.38. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,915,392.48. The trade was a 4.95% 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 Stock Performance

Shares of NASDAQ DPZ opened at $323.88 on Monday. The stock has a fifty day moving average price of $335.13 and a two-hundred day moving average price of $379.42. The firm has a market cap of $10.77 billion, a P/E ratio of 18.65, a PEG ratio of 1.51 and a beta of 0.98. Domino’s Pizza Inc has a 1 year low of $297.48 and a 1 year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The company had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.33 earnings per share. On average, research analysts predict that Domino’s Pizza Inc will post 19.07 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.99 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.83%.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently modified their holdings of DPZ. Jump Financial LLC purchased a new stake in shares of Domino’s Pizza in the second quarter valued at $3,183,000. Investment Management Corp of Ontario raised its holdings in shares of Domino’s Pizza by 68.3% during the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 647 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares in the last quarter. Glenview Trust co raised its holdings in shares of Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock worth $511,000 after acquiring an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC raised its holdings in shares of Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock worth $596,000 after acquiring an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Gordon Haskett reduced their price objective on Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. DA Davidson reduced their price objective on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. William Blair set a $540.00 target price on Domino’s Pizza in a report on Monday, February 23rd. Finally, Rothschild & Co Redburn reduced their target price on Domino’s Pizza from $340.00 to $290.00 in a report on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $418.13.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.