Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Reddy Sandeep Sells 1,077 Shares of Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $438.71 on Thursday. The business’s 50 day simple moving average is $450.77 and its 200-day simple moving average is $437.97. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm earned $4.48 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $1.74 per share. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Analyst Ratings Changes

DPZ has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a report on Thursday, February 20th. Barclays lifted their target price on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. Finally, Citigroup raised their price target on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $503.41.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DPZ. Janney Montgomery Scott LLC raised its holdings in Domino’s Pizza by 7.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock valued at $1,258,000 after acquiring an additional 215 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after acquiring an additional 23,681 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new position in Domino’s Pizza in the 3rd quarter valued at $221,000. Catalytic Wealth RIA LLC raised its holdings in Domino’s Pizza by 6.9% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 834 shares of the restaurant operator’s stock valued at $359,000 after acquiring an additional 54 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in Domino’s Pizza by 195.6% in the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 88 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

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.