Key Points
- EVP Kelly Garcia sold 487 Domino's Pizza shares on June 11 at an average price of $311.74, for total proceeds of about $151,817. After the sale, Garcia still held 9,352 shares, a 4.95% reduction in ownership.
- Domino's recently missed earnings expectations, reporting $4.13 EPS versus the $4.29 consensus, though quarterly revenue rose 3.5% year over year to $1.15 billion.
- The company continues to pay a quarterly dividend of $1.99 per share, or $7.96 annually, which implies a 2.5% yield based on the article’s quoted price.
Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) EVP Kelly Garcia sold 487 shares of Domino's Pizza stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the sale, the executive vice president owned 9,352 shares in the company, valued at $2,915,392.48. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Domino's Pizza Price Performance
NASDAQ DPZ opened at $323.88 on Friday. The stock has a market capitalization of $10.77 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.45 and a beta of 0.97. The business's fifty 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 - Get Free Report) last posted 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 company had revenue of $1.15 billion during 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 for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.33 earnings per share. Research analysts expect that Domino's Pizza Inc will post 19.07 EPS for the current fiscal year.
Domino's Pizza Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, June 15th. Domino's Pizza's payout ratio is 45.83%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on DPZ shares. Citigroup lowered their target price on shares of Domino's Pizza from $425.00 to $365.00 and set a "neutral" rating on the stock in a report on Tuesday, April 28th. Jefferies Financial Group cut their target price on shares of Domino's Pizza from $400.00 to $350.00 and set a "hold" rating for the company in a research report on Tuesday, April 28th. BMO Capital Markets cut their target price on shares of Domino's Pizza from $500.00 to $450.00 and set an "outperform" rating for the company in a research report on Tuesday, April 28th. Benchmark cut their target price on shares of Domino's Pizza from $465.00 to $430.00 and set a "buy" rating for the company in a research report on Tuesday, April 28th. Finally, Rothschild & Co Redburn cut their target price on shares of Domino's Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $418.13.
Read Our Latest Stock Report on Domino's Pizza
Institutional Trading of Domino's Pizza
Several institutional investors have recently added to or reduced their stakes in the business. Berkshire Hathaway Inc boosted its position in Domino's Pizza by 12.3% during the fourth quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock valued at $1,396,347,000 after buying an additional 368,055 shares during the period. Soroban Capital Partners LP purchased a new stake in Domino's Pizza during the first quarter valued at about $895,251,000. T. Rowe Price Investment Management Inc. boosted its position in Domino's Pizza by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock valued at $837,091,000 after buying an additional 7,497 shares during the period. State Street Corp boosted its position in Domino's Pizza by 3.8% during the fourth quarter. State Street Corp now owns 1,368,924 shares of the restaurant operator's stock valued at $570,595,000 after buying an additional 49,613 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Domino's Pizza by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,026,391 shares of the restaurant operator's stock valued at $432,033,000 after acquiring an additional 19,019 shares during the last quarter. 94.63% of the stock is currently owned by hedge funds and other 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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