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

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 487 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $311.74, for a total value of $151,817.38. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $2,915,392.48. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $323.88 on Friday. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. The stock’s 50-day moving average is $335.13 and its 200-day moving average is $379.59. Domino’s Pizza Inc has a one year low of $297.48 and a one year high of $496.00.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). The firm had revenue of $1.15 billion during the quarter. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. Domino’s Pizza’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $4.33 EPS. On average, equities analysts expect that Domino’s Pizza Inc will post 19.07 EPS for the current year.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler dropped their price objective on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research note on Monday, April 27th. Stifel Nicolaus set a $400.00 target price on Domino’s Pizza in a research report on Monday, April 27th. Northcoast Research reduced their price target on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price target on Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, Benchmark cut their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Seventeen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $418.13.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DPZ. SHP Wealth Management bought a new position in Domino’s Pizza during the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares during the period. MBM Wealth Consultants LLC acquired a new position in Domino’s Pizza during the first quarter worth $31,000. Cornerstone Planning Group LLC raised its holdings in shares of Domino’s Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 81 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the last quarter. 94.63% of the stock is owned by institutional investors.

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.