Key Points
- Domino's Pizza EVP Kelly Garcia sold 488 shares on May 21 at an average price of $313.16, reducing her stake by about 4.96%. The transaction was worth roughly $152,822 and was disclosed in an SEC filing.
- DPZ shares were trading lower, opening at $310.42 and down 1.9% in the session described. The stock remains well below its 52-week high of $496, but above its 52-week low of $297.48.
- Domino's recently missed earnings expectations, reporting $4.13 EPS versus the $4.29 consensus, though revenue rose 3.5% year over year to $1.15 billion. The company also announced a quarterly dividend of $1.99 per share, yielding about 2.6%.
Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) EVP Kelly Garcia sold 488 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Domino's Pizza Trading Down 1.9%
Shares of NASDAQ:DPZ opened at $310.42 on Wednesday. The stock has a market capitalization of $10.32 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.47 and a beta of 1.02. Domino's Pizza Inc has a 1-year low of $297.48 and a 1-year high of $496.00. The business has a 50-day moving average price of $349.51 and a two-hundred day moving average price of $387.89.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino's Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 earnings per share. As a group, equities analysts predict that Domino's Pizza Inc will post 19.15 EPS for the current year.
Domino's Pizza Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Domino's Pizza's payout ratio is currently 45.83%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on DPZ. The Goldman Sachs Group dropped their price objective on Domino's Pizza from $480.00 to $430.00 and set a "buy" rating for the company in a report on Tuesday, April 28th. Northcoast Research dropped their price objective on Domino's Pizza from $525.00 to $445.00 and set a "buy" rating for the company in a report on Tuesday, April 28th. Sanford C. Bernstein dropped their price objective on Domino's Pizza from $470.00 to $390.00 and set a "market perform" rating for the company in a report on Tuesday, April 28th. BTIG Research dropped their price objective on Domino's Pizza from $500.00 to $450.00 and set a "buy" rating for the company in a report on Monday, April 27th. Finally, William Blair set a $540.00 price objective on Domino's Pizza in a report on Monday, February 23rd. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $419.74.
Read Our Latest Report on DPZ
Institutional Trading of Domino's Pizza
A number of institutional investors and hedge funds have recently modified their holdings of DPZ. Jump Financial LLC bought a new stake in shares of Domino's Pizza in the 2nd quarter valued at about $3,183,000. Investment Management Corp of Ontario increased its stake in shares of Domino's Pizza by 68.3% in the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator's stock valued at $718,000 after acquiring an additional 647 shares during the last quarter. Sei Investments Co. increased its stake in shares of Domino's Pizza by 21.7% in the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator's stock valued at $36,480,000 after acquiring an additional 14,452 shares during the last quarter. Glenview Trust co increased its stake in shares of Domino's Pizza by 36.9% in the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator's stock valued at $511,000 after acquiring an additional 306 shares during the last quarter. Finally, HUB Investment Partners LLC increased its stake in shares of Domino's Pizza by 17.3% in the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator's stock valued at $596,000 after acquiring an additional 195 shares during the last quarter. 94.63% of the stock is owned by institutional investors.
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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