Kelly Garcia Sells 487 Shares of Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 487 shares of the firm’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,777,637.52. This represents a 4.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Domino’s Pizza Stock Down 0.5%

Shares of Domino’s Pizza stock traded down $1.42 on Friday, hitting $299.46. The company’s stock had a trading volume of 624,376 shares, compared to its average volume of 920,736. The company has a market capitalization of $9.96 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.40 and a beta of 0.97. Domino’s Pizza Inc has a 52-week low of $282.00 and a 52-week high of $496.00. The firm has a fifty day moving average price of $310.32 and a 200-day moving average price of $362.64.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results 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 business had revenue of $1.15 billion for the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.33 EPS. As a group, analysts expect that Domino’s Pizza Inc will post 18.91 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, June 15th. Domino’s Pizza’s payout ratio is currently 45.83%.

Institutional Investors Weigh In On Domino’s Pizza

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Investors Research Corp increased its stake in Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. Tema ETFs LLC boosted its stake in Domino’s Pizza by 229.4% in the 2nd quarter. Tema ETFs LLC now owns 593 shares of the restaurant operator’s stock worth $176,000 after buying an additional 413 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Domino’s Pizza by 5.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock worth $287,000 after buying an additional 50 shares during the last quarter. Invariant Investment Management grew its holdings in Domino’s Pizza by 59.8% in the 2nd quarter. Invariant Investment Management now owns 3,008 shares of the restaurant operator’s stock valued at $920,000 after buying an additional 1,126 shares during the period. Finally, Czech National Bank grew its holdings in Domino’s Pizza by 2.9% in the 2nd quarter. Czech National Bank now owns 8,710 shares of the restaurant operator’s stock valued at $2,579,000 after buying an additional 245 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

DPZ has been the topic of a number of analyst reports. BMO Capital Markets lowered their target price on Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price objective on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group cut their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Mizuho reduced their target price on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Finally, Citigroup decreased their price target on shares of Domino’s Pizza from $365.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $405.39.

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.