Kelly Garcia Sells 12,430 Shares of Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 12,430 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock traded up $13.13 during midday trading on Tuesday, reaching $356.66. 316,640 shares of the company’s stock traded hands, compared to its average volume of 944,832. The company has a market cap of $11.80 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $477.00. The company’s 50 day simple moving average is $311.50 and its 200 day simple moving average is $354.63.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The company had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $3.81 earnings per share. As a group, equities research analysts predict that Domino’s Pizza Inc will post 18.89 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.2%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DPZ. The Goldman Sachs Group lowered their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Wells Fargo & Company boosted their target price on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Stifel Nicolaus set a $400.00 price target on Domino’s Pizza in a research report on Monday, April 27th. Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.16.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in Domino’s Pizza in the 2nd quarter valued at approximately $3,183,000. Investment Management Corp of Ontario increased its position 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 valued at $718,000 after purchasing an additional 647 shares during the period. Sei Investments Co. increased its position 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 valued at $36,480,000 after purchasing an additional 14,452 shares during the period. Glenview Trust co raised its stake in shares of Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after purchasing an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC raised its stake in shares of Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after purchasing an additional 195 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

About Domino’s Pizza

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.