Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) CEO Russell Weiner sold 10,850 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares of the company's stock, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Domino's Pizza Stock Performance
Domino's Pizza stock opened at $350.47 on Wednesday. Domino's Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $477.00. The stock has a market cap of $11.59 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.66 and a beta of 0.97. The firm's 50-day simple moving average is $312.26 and its 200 day simple moving average is $354.24.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino's Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 earnings per share. As a group, analysts predict that Domino's Pizza Inc will post 18.95 EPS for the current fiscal year.
Domino's Pizza Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino's Pizza's payout ratio is presently 45.15%.
Analyst Ratings Changes
A number of analysts recently commented on DPZ shares. Stifel Nicolaus set a $400.00 price target on Domino's Pizza in a research report on Monday, April 27th. Weiss Ratings downgraded Domino's Pizza from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, May 29th. Jefferies Financial Group decreased their target price on 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. BTIG Research reiterated a "buy" rating and set a $425.00 target price on shares of Domino's Pizza in a research note on Tuesday, July 21st. Finally, Piper Sandler cut their price target on shares of Domino's Pizza from $421.00 to $359.00 and set a "neutral" rating on the stock in a report on Monday, April 27th. Eighteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $402.16.
Read Our Latest Stock Analysis on DPZ
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. SHP Wealth Management bought a new position in shares of Domino's Pizza during the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Domino's Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator's stock valued at $29,000 after acquiring an additional 34 shares during the period. Investors Research Corp raised its stake in Domino's Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock valued at $30,000 after acquiring an additional 99 shares during the period. MBM Wealth Consultants LLC bought a new stake in Domino's Pizza in the 1st quarter valued at about $31,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Domino's Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator's stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.
Domino's Pizza Company Profile
(
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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