Domino’s Pizza (NYSE:DPZ) Sees Unusually-High Trading Volume After Strong Earnings

Domino’s Pizza, Inc. (NYSE:DPZ) shares saw unusually-high trading volume on Thursday following a better than expected earnings announcement. Approximately 437,889 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 603,286 shares.The stock last traded at $406.09 and had previously closed at $413.20.

The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted $4.18 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 37.12%.

Analyst Upgrades and Downgrades

DPZ has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and issued a $490.00 price target on shares of Domino’s Pizza in a research note on Friday. BMO Capital Markets dropped their target price on Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday. Loop Capital restated a “hold” rating and set a $419.00 price target on shares of Domino’s Pizza in a research note on Friday, September 20th. Robert W. Baird lowered their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Finally, Barclays cut their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $489.55.

Institutional Investors Weigh In On Domino’s Pizza

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC raised its stake in shares of Domino’s Pizza by 25.2% in the second quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 26 shares during the period. Czech National Bank lifted its stake in Domino’s Pizza by 0.4% in the first quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock worth $3,049,000 after purchasing an additional 27 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of Domino’s Pizza by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 27 shares during the period. Insight Folios Inc boosted its position in shares of Domino’s Pizza by 3.4% during the first quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after buying an additional 28 shares during the period. Finally, Portside Wealth Group LLC grew its stake in shares of Domino’s Pizza by 6.5% during the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 28 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Price Performance

The stock has a market capitalization of $15.03 billion, a PE ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86. The firm has a fifty day moving average price of $421.63 and a two-hundred day moving average price of $469.57.

About Domino’s Pizza

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.