Domino’s Pizza (NASDAQ:DPZ) Shares Gap Up – What’s Next?

Domino’s Pizza Inc (NASDAQ:DPZGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $322.18, but opened at $342.75. Domino’s Pizza shares last traded at $333.3910, with a volume of 673,447 shares trading hands.

Key Stories Impacting Domino’s Pizza

Here are the key news stories impacting Domino’s Pizza this week:

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Benchmark decreased their price target on shares of Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group decreased their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lowered their target price on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $325.00 price target on shares of Domino’s Pizza in a research report on Tuesday, June 23rd. Finally, Evercore reiterated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Seventeen research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $400.57.

Get Our Latest Stock Analysis on Domino’s Pizza

Domino’s Pizza Stock Performance

The business’s 50 day moving average is $308.93 and its two-hundred day moving average is $358.32. The firm has a market capitalization of $11.01 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZGet Free Report) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.During the same period in the previous year, the company posted $3.81 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts predict that Domino’s Pizza Inc will post 18.88 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio is 45.83%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 1,950 shares of company stock valued at $611,451. 0.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the company. SHP Wealth Management purchased a new position in Domino’s Pizza during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Domino’s Pizza by 97.1% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 34 shares in the last quarter. Investors Research Corp lifted its stake in Domino’s Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. MBM Wealth Consultants LLC bought a new position in Domino’s Pizza in the 1st quarter valued at $31,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Domino’s Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 81 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

(Get Free Report)

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.

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