Domino’s Pizza, Inc. (NYSE:DPZ) EVP Sells $1,214,514.00 in Stock

Domino’s Pizza, Inc. (NYSE:DPZ) EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Domino’s Pizza Trading Down 1.2 %

Shares of DPZ stock traded down $5.30 on Tuesday, reaching $439.60. 480,233 shares of the stock were exchanged, compared to its average volume of 611,232. Domino’s Pizza, Inc. has a twelve month low of $367.24 and a twelve month high of $542.75. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 2.31 and a beta of 0.86. The business’s 50 day moving average price is $424.10 and its 200 day moving average price is $457.14.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. 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 negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company posted $4.18 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.37%. Domino’s Pizza’s dividend payout ratio is currently 37.10%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Evercore ISI dropped their target price on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a report on Monday, October 7th. Barclays cut their price objective 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, October 11th. BMO Capital Markets dropped their price target on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Robert W. Baird cut their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $494.38.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently bought and sold shares of DPZ. Signaturefd LLC grew its stake in Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock worth $67,000 after buying an additional 26 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Domino’s Pizza by 5.0% in 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 in the last quarter. Portside Wealth Group LLC lifted its holdings in Domino’s Pizza by 6.5% in the second quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after acquiring an additional 28 shares during the period. Larson Financial Group LLC grew its stake in shares of Domino’s Pizza by 4.6% during the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock worth $342,000 after purchasing an additional 29 shares during the period. Finally, Capital Insight Partners LLC increased its holdings in shares of Domino’s Pizza by 2.6% in the 2nd quarter. Capital Insight Partners LLC now owns 1,205 shares of the restaurant operator’s stock valued at $622,000 after purchasing an additional 30 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.