Kelly Garcia Sells 488 Shares of Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 488 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,107,763.12. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Domino’s Pizza Stock Up 0.4%

Shares of NASDAQ:DPZ opened at $331.73 on Wednesday. Domino’s Pizza Inc has a 12-month low of $326.54 and a 12-month high of $499.08. The firm has a market cap of $11.03 billion, a P/E ratio of 19.10, a P/E/G ratio of 1.52 and a beta of 1.02. The business has a fifty day simple moving average of $376.30 and a 200 day simple moving average of $398.20.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data 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%.Domino’s Pizza’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.33 earnings per share. As a group, equities research analysts expect that Domino’s Pizza Inc will post 19.22 EPS for the current year.

Domino’s Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 2.4%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s payout ratio is presently 45.83%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DPZ shares. Sanford C. Bernstein lowered their price objective on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research note on Tuesday, April 28th. The Goldman Sachs Group cut their target price on shares of Domino’s Pizza from $480.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Northcoast Research reduced their price target on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Guggenheim decreased their price target on shares of Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Piper Sandler dropped their price objective 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. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and a consensus price target of $421.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Domino’s Pizza during the first quarter valued at $21,697,000. D.A. Davidson & CO. raised its stake in shares of Domino’s Pizza by 11.7% in the first quarter. D.A. Davidson & CO. now owns 10,038 shares of the restaurant operator’s stock valued at $3,602,000 after buying an additional 1,053 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Domino’s Pizza by 29.3% in the first quarter. Checchi Capital Advisers LLC now owns 640 shares of the restaurant operator’s stock valued at $230,000 after buying an additional 145 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Domino’s Pizza by 168.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,691 shares of the restaurant operator’s stock valued at $607,000 after buying an additional 1,061 shares during the last quarter. Finally, WJ Financial Advisors LLC bought a new position in shares of Domino’s Pizza during the 1st quarter worth $689,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

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.