Key Points
- EVP Kelly Garcia sold 4,870 Domino's shares on December 16 at an average price of $434.06 for a total of $2,113,872.20, trimming her stake by 41.93% to 6,744 shares (about $2.93M), as disclosed in an SEC filing.
- Domino's declared a quarterly dividend of $1.74 per share payable December 26 to holders of record December 15 (ex-dividend December 15), representing a $6.96 annualized payout and a 1.6% yield with a 40.68% payout ratio.
- Domino's posted a Q3 EPS beat of $4.08 versus $3.96 expected and $1.15B revenue, and analysts maintain an average rating of "Moderate Buy" with a consensus price target of $490.40.
Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) EVP Kelly Garcia sold 4,870 shares of Domino's Pizza stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the completion of the sale, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Domino's Pizza Stock Performance
Shares of NASDAQ DPZ opened at $438.42 on Thursday. The stock has a 50 day moving average price of $414.60 and a 200 day moving average price of $439.29. The stock has a market capitalization of $14.81 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 2.30 and a beta of 1.14. Domino's Pizza Inc has a 52 week low of $392.89 and a 52 week high of $500.55.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.12. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Domino's Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.19 EPS. As a group, research analysts forecast that Domino's Pizza Inc will post 16.74 EPS for the current year.
Domino's Pizza Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 15th will be given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, December 15th. Domino's Pizza's dividend payout ratio (DPR) is 40.68%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on DPZ shares. Mizuho upgraded shares of Domino's Pizza to a "strong-buy" rating in a research note on Tuesday, October 28th. BTIG Research reissued a "buy" rating and set a $530.00 price target on shares of Domino's Pizza in a research report on Friday, November 14th. TD Cowen reaffirmed a "buy" rating and issued a $510.00 price objective on shares of Domino's Pizza in a research report on Tuesday, October 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Domino's Pizza in a research note on Monday. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $445.00 price target on shares of Domino's Pizza in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $490.40.
Check Out Our Latest Analysis on DPZ
Hedge Funds Weigh In On Domino's Pizza
A number of large investors have recently made changes to their positions in the company. RMG Wealth Management LLC bought a new stake in Domino's Pizza in the 2nd quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Domino's Pizza during the second quarter worth $29,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Domino's Pizza in the second quarter valued at about $31,000. Atlantic Union Bankshares Corp acquired a new position in shares of Domino's Pizza in the second quarter valued at about $34,000. Finally, SVB Wealth LLC bought a new position in Domino's Pizza during the first quarter worth about $36,000. Institutional investors own 94.63% of the company's stock.
Domino's Pizza Company Profile
(
Get Free Report)
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.
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