Russell J. Weiner Sells 11,780 Shares of Domino’s Pizza, Inc. (NYSE:DPZ) Stock

Domino’s Pizza, Inc. (NYSE:DPZ) CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares in the company, valued at approximately $16,844,366.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Domino’s Pizza Stock Down 0.7 %

Domino’s Pizza stock opened at $512.70 on Friday. Domino’s Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $542.75. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 2.76 and a beta of 0.83. The business’s 50-day moving average price is $473.37 and its 200 day moving average price is $422.67.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company earned $2.93 EPS. The business’s revenue was up 5.9% on a year-over-year basis. Equities analysts expect that Domino’s Pizza, Inc. will post 15.73 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $1.51 dividend. The ex-dividend date is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.18%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DPZ. Wells Fargo & Company lifted their price target on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a report on Tuesday. Morgan Stanley boosted their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Stephens increased their price target on Domino’s Pizza from $479.00 to $513.00 and gave the company an “equal weight” rating in a research note on Tuesday. Argus boosted their price target on Domino’s Pizza from $580.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Piper Sandler increased their price objective on shares of Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $516.19.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently modified their holdings of DPZ. Whittier Trust Co. of Nevada Inc. boosted its position in Domino’s Pizza by 5.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 7,404 shares of the restaurant operator’s stock worth $3,679,000 after purchasing an additional 373 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Domino’s Pizza by 3.6% during the 1st quarter. Whittier Trust Co. now owns 16,400 shares of the restaurant operator’s stock worth $8,149,000 after buying an additional 566 shares during the period. Jennison Associates LLC lifted its position in shares of Domino’s Pizza by 12.6% during the 1st quarter. Jennison Associates LLC now owns 113,423 shares of the restaurant operator’s stock valued at $56,358,000 after buying an additional 12,685 shares in the last quarter. Almanack Investment Partners LLC. acquired a new stake in Domino’s Pizza in the 1st quarter valued at $202,000. Finally, Fidelis Capital Partners LLC increased its holdings in Domino’s Pizza by 14.4% in the 1st quarter. Fidelis Capital Partners LLC now owns 650 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 82 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.