Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) EVP Katherine Trumbull sold 370 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $329.90, for a total value of $122,063.00. Following the sale, the executive vice president directly owned 5,785 shares of the company's stock, valued at $1,908,471.50. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Domino's Pizza Trading Up 1.4%
DPZ stock opened at $333.23 on Friday. The stock's fifty day simple moving average is $312.23 and its two-hundred day simple moving average is $340.08. Domino's Pizza Inc has a 1-year low of $282.00 and a 1-year high of $442.35. The stock has a market cap of $10.96 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.52 and a beta of 0.95.
Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.33 by $0.27. Domino's Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. The firm had revenue of $1.19 billion during the quarter. During the same quarter last year, the company earned $4.08 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts forecast that Domino's Pizza Inc will post 19.10 earnings per share for the current fiscal year.
Domino's Pizza Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino's Pizza's payout ratio is 43.86%.
Institutional Trading of Domino's Pizza
Several hedge funds have recently made changes to their positions in DPZ. International Assets Investment Management LLC lifted its holdings in Domino's Pizza by 213.8% during the third quarter. International Assets Investment Management LLC now owns 4,760 shares of the restaurant operator's stock valued at $1,426,000 after purchasing an additional 3,243 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Domino's Pizza by 5.2% in the first quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator's stock worth $160,817,000 after purchasing an additional 22,320 shares in the last quarter. Andra AP fonden increased its stake in shares of Domino's Pizza by 904.5% in the second quarter. Andra AP fonden now owns 15,790 shares of the restaurant operator's stock worth $4,674,000 after purchasing an additional 14,218 shares in the last quarter. Nykredit A S purchased a new position in shares of Domino's Pizza in the second quarter worth about $4,015,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Domino's Pizza in the second quarter valued at approximately $15,886,000. 94.63% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on DPZ shares. Bank of America reduced their price target on shares of Domino's Pizza from $455.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, October 14th. UBS Group reaffirmed a "buy" rating on shares of Domino's Pizza in a research report on Monday, October 5th. Citigroup lowered their price objective on shares of Domino's Pizza from $335.00 to $308.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 14th. BMO Capital Markets reiterated an "outperform" rating on shares of Domino's Pizza in a research note on Wednesday, October 14th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Domino's Pizza in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Domino's Pizza currently has an average rating of "Moderate Buy" and a consensus price target of $380.87.
Read Our Latest Stock Analysis on DPZ
About Domino's Pizza
(
Get Free Report)
Domino's Pizza, Inc. is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location. The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino's Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.
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