Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Sells $2,366,792.00 in Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kevin Scott Morris sold 5,416 shares of Domino’s Pizza stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now directly owns 793 shares in the company, valued at $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $425.58 on Friday. The business’s 50 day simple moving average is $450.39 and its two-hundred day simple moving average is $438.05. The firm has a market cap of $14.60 billion, a P/E ratio of 26.14, a PEG 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.

Domino’s Pizza (NASDAQ:DPZ) last announced 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). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.48 EPS. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is currently 41.70%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DPZ. Benchmark reaffirmed a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a report on Thursday, February 20th. Stephens reaffirmed an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a report on Monday, March 3rd. TD Securities reissued a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Finally, Barclays boosted their target price on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $503.41.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Berkshire Hathaway Inc lifted its holdings in shares of Domino’s Pizza by 86.5% in the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock valued at $999,868,000 after purchasing an additional 1,104,744 shares in the last quarter. FMR LLC lifted its holdings in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares during the period. Principal Financial Group Inc. lifted its holdings in Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after acquiring an additional 21,705 shares during the period. Geode Capital Management LLC lifted its holdings in Domino’s Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after acquiring an additional 92,389 shares during the period. Finally, Invesco Ltd. lifted its holdings in Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after acquiring an additional 191,752 shares during the period. Institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.