Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kelly E. Garcia Sells 2,104 Shares of Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kelly E. Garcia sold 2,104 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total transaction of $917,933.12. Following the completion of the sale, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This represents a 26.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Domino’s Pizza Stock Performance

NASDAQ DPZ opened at $438.71 on Thursday. The company has a market capitalization of $15.05 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The company has a 50-day simple moving average of $450.77 and a 200 day simple moving average of $437.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business earned $4.48 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Analysts Set New Price Targets

A number of equities research analysts have commented on DPZ shares. BMO Capital Markets upped their price target on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Citigroup increased their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Barclays boosted their price target on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $503.41.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors have recently made changes to their positions in DPZ. Janney Montgomery Scott LLC raised its position in shares of Domino’s Pizza by 7.9% in the third quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock worth $1,258,000 after buying an additional 215 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Domino’s Pizza by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after acquiring an additional 23,681 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of Domino’s Pizza during the 3rd quarter valued at about $221,000. Catalytic Wealth RIA LLC grew its holdings in shares of Domino’s Pizza by 6.9% during the third quarter. Catalytic Wealth RIA LLC now owns 834 shares of the restaurant operator’s stock worth $359,000 after purchasing an additional 54 shares in the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino’s brand name through company-owned and franchised stores.