Russell J. Weiner Sells 7,276 Shares of Domino’s Pizza Inc (DPZ) Stock
Domino’s Pizza Inc (NYSE:DPZ) insider Russell J. Weiner sold 7,276 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $195.00, for a total transaction of $1,418,820.00. Following the transaction, the insider now owns 17,563 shares in the company, valued at approximately $3,424,785. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Domino’s Pizza Inc (NYSE:DPZ) traded down 0.89% during mid-day trading on Thursday, reaching $186.12. 1,085,427 shares of the company were exchanged. The firm has a 50-day moving average price of $194.37 and a 200 day moving average price of $196.50. The stock has a market capitalization of $8.98 billion, a P/E ratio of 36.99 and a beta of 0.36. Domino’s Pizza Inc has a 12 month low of $151.23 and a 12 month high of $221.58.
Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 12th. The restaurant operator reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Domino’s Pizza had a net margin of 9.47% and a negative return on equity of 12.59%. The firm had revenue of $643.60 million during the quarter, compared to the consensus estimate of $627.85 million. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza Inc will post $5.73 EPS for the current fiscal year.
Domino’s Pizza announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, December 14th. Domino’s Pizza’s payout ratio is presently 35.11%.
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Large investors have recently modified their holdings of the business. IHT Wealth Management LLC increased its stake in Domino’s Pizza by 19.5% in the first quarter. IHT Wealth Management LLC now owns 569 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 93 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Domino’s Pizza by 25.0% in the second quarter. Commonwealth Bank of Australia now owns 500 shares of the restaurant operator’s stock valued at $105,000 after purchasing an additional 100 shares in the last quarter. Toronto Dominion Bank increased its stake in Domino’s Pizza by 12.2% in the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Domino’s Pizza in the second quarter valued at approximately $127,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Domino’s Pizza by 115.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the restaurant operator’s stock valued at $145,000 after purchasing an additional 368 shares in the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.
DPZ has been the topic of a number of research analyst reports. Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating and raised their price objective for the company from $145.00 to $183.30 in a research note on Friday, August 25th. Credit Suisse Group raised their price objective on shares of Domino’s Pizza from $200.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. BidaskClub lowered shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Instinet reiterated a “neutral” rating and set a $198.00 price objective (up previously from $196.00) on shares of Domino’s Pizza in a research note on Saturday, July 22nd. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Domino’s Pizza currently has a consensus rating of “Hold” and a consensus price target of $205.18.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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