Domino’s Pizza (NASDAQ:DPZ) Sets New 12-Month Low – Here’s What Happened

Domino’s Pizza Inc (NASDAQ:DPZ)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $297.48 and last traded at $303.7930, with a volume of 80385 shares trading hands. The stock had previously closed at $302.29.

Analyst Ratings Changes

DPZ has been the subject of several recent research reports. Jefferies Financial Group decreased their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a report on Tuesday, April 28th. HSBC dropped their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Evercore dropped their price target on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. William Blair set a $540.00 target price on Domino’s Pizza in a research report on Monday, February 23rd. Finally, DA Davidson lowered their price objective on Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $419.74.

Domino’s Pizza Price Performance

The stock has a market capitalization of $10.10 billion, a PE ratio of 17.50, a PEG ratio of 1.40 and a beta of 1.02. The company has a 50 day moving average price of $361.95 and a 200-day moving average price of $392.35.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The business had revenue of $1.15 billion for the quarter. During the same quarter in the previous year, the business earned $4.33 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Domino’s Pizza Inc will post 19.15 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $1.99 dividend. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $332.31, for a total value of $162,167.28. Following the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $3,107,763.12. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SHP Wealth Management bought a new position in Domino’s Pizza in the fourth quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 34 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Domino’s Pizza by 200.0% during the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 56 shares in the last quarter. MBM Wealth Consultants LLC purchased a new position in shares of Domino’s Pizza in the 1st quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Domino’s Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 81 shares during the period. 94.63% of the stock is owned by institutional investors.

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.