Key Points
- EVP Kelly Garcia sold 488 Domino's shares on April 30 at an average price of $332.31 for about $162,167, trimming her holding by 4.96% to 9,352 shares (≈$3.11M).
- Domino's missed Q1 estimates, reporting EPS of $4.13 versus a $4.29 consensus on $1.15 billion in revenue (up 3.5% year-over-year) and a net margin of 11.89%.
- The company declared a quarterly dividend of $1.99 (annualized $7.96, yield 2.4%, ex-dividend June 15), and analysts show a mixed view with a consensus "Hold" and an average price target of $421.35 (17 Buy, 12 Hold, 2 Sell).
Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) EVP Kelly Garcia sold 488 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at approximately $3,107,763.12. The trade was a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Domino's Pizza Stock Performance
Shares of NASDAQ DPZ opened at $330.42 on Tuesday. Domino's Pizza Inc has a 52-week low of $326.54 and a 52-week high of $499.08. The firm has a 50 day moving average price of $377.36 and a two-hundred day moving average price of $398.81. The stock has a market cap of $10.99 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.02.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino's Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion during the quarter. During the same period in the prior year, the business posted $4.33 EPS. The business's revenue for the quarter was up 3.5% on a year-over-year basis. Analysts predict that Domino's Pizza Inc will post 19.22 earnings per share for the current fiscal year.
Domino's Pizza Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, June 15th. Domino's Pizza's dividend payout ratio is 45.83%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DPZ. Barclays decreased their price target on shares of Domino's Pizza from $370.00 to $315.00 and set an "underweight" rating for the company in a research report on Monday, April 27th. Stifel Nicolaus set a $400.00 price target on shares of Domino's Pizza in a research report on Monday, April 27th. Mizuho decreased their price target on shares of Domino's Pizza from $470.00 to $420.00 and set an "outperform" rating for the company in a research report on Tuesday, April 28th. Weiss Ratings restated a "hold (c)" rating on shares of Domino's Pizza in a research report on Friday, March 27th. Finally, TD Cowen restated a "hold" rating and issued a $400.00 price target on shares of Domino's Pizza in a research report on Monday, April 27th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $421.35.
View Our Latest Analysis on DPZ
Institutional Investors Weigh In On Domino's Pizza
Several large investors have recently modified their holdings of the company. Checchi Capital Advisers LLC increased its position in shares of Domino's Pizza by 29.3% during the first quarter. Checchi Capital Advisers LLC now owns 640 shares of the restaurant operator's stock worth $230,000 after buying an additional 145 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Domino's Pizza by 168.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,691 shares of the restaurant operator's stock worth $607,000 after buying an additional 1,061 shares during the period. WJ Financial Advisors LLC acquired a new stake in Domino's Pizza in the first quarter worth $689,000. Schwartz Investment Counsel Inc. acquired a new stake in Domino's Pizza in the first quarter worth $19,733,000. Finally, Arbejdsmarkedets Tillaegspension grew its holdings in Domino's Pizza by 26.2% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 70,362 shares of the restaurant operator's stock worth $25,245,000 after purchasing an additional 14,611 shares during the period. 94.63% of the stock is currently owned by institutional investors and hedge funds.
About Domino's Pizza
(
Get Free Report)
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.
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