Domino’s Pizza (NASDAQ:DPZ) EVP Kelly Garcia Sells 488 Shares

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the sale, the executive vice president directly owned 9,352 shares in the company, valued at $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $310.42 on Wednesday. Domino’s Pizza Inc has a 52 week low of $297.48 and a 52 week high of $496.00. The company’s fifty day moving average is $349.51 and its 200-day moving average is $387.89. The company has a market capitalization of $10.32 billion, a PE ratio of 17.87, a P/E/G ratio of 1.47 and a beta of 1.02.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The firm had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the company earned $4.33 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza Inc will post 19.15 EPS for the current year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is currently 45.83%.

Analyst Ratings Changes

Several brokerages have recently commented on DPZ. Stifel Nicolaus set a $400.00 target price on shares of Domino’s Pizza in a research note on Monday, April 27th. Royal Bank Of Canada reduced their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. BMO Capital Markets reduced their target price on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Jefferies Financial Group reduced their target price on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Finally, UBS Group reduced their target price on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Hold” and a consensus target price of $419.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ritter Alpha LP acquired a new position in Domino’s Pizza during the 1st quarter worth about $276,000. Wellington Grp LLC lifted its position in Domino’s Pizza by 14.1% during the 1st quarter. Wellington Grp LLC now owns 1,670 shares of the restaurant operator’s stock worth $599,000 after buying an additional 206 shares in the last quarter. Essential Partners LLC lifted its position in Domino’s Pizza by 284.0% during the 1st quarter. Essential Partners LLC now owns 288 shares of the restaurant operator’s stock worth $103,000 after buying an additional 213 shares in the last quarter. Park State Asset Management lifted its position in Domino’s Pizza by 18.1% during the 1st quarter. Park State Asset Management now owns 12,440 shares of the restaurant operator’s stock worth $4,463,000 after buying an additional 1,910 shares in the last quarter. Finally, Bull Harbor Capital LLC acquired a new position in Domino’s Pizza during the 1st quarter worth about $322,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.