Domino’s Pizza (NASDAQ:DPZ) CEO Russell Weiner Sells 10,850 Shares of Stock

Domino’s Pizza Inc (NASDAQ:DPZ) CEO Russell Weiner sold 10,850 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $330.83, for a total transaction of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares in the company, valued at $14,499,948.07. The trade was a 19.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Domino’s Pizza Trading Up 2.0%

NASDAQ:DPZ opened at $350.47 on Wednesday. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.66 and a beta of 0.97. The firm has a fifty day simple moving average of $312.26 and a two-hundred day simple moving average of $354.24. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $477.00.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion during the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.81 earnings per share. Equities analysts predict that Domino’s Pizza Inc will post 18.95 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is presently 45.15%.

Analysts Set New Price Targets

Several research analysts have issued reports on DPZ shares. JPMorgan Chase & Co. cut their price target on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Northcoast Research lowered their target price on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. BTIG Research reiterated a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Rothschild & Co Redburn reduced their price target on shares of Domino’s Pizza from $340.00 to $290.00 in a research report on Monday, May 11th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and an average target price of $402.16.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. SHP Wealth Management purchased a new stake in shares of Domino’s Pizza in the fourth quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Domino’s Pizza by 97.1% during the fourth 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 during the last quarter. Johnson Financial Group Inc. boosted its position in shares of Domino’s Pizza by 200.0% during the third 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 during the last quarter. MBM Wealth Consultants LLC bought a new stake in Domino’s Pizza during the first quarter worth $31,000. Finally, Cornerstone Planning Group LLC grew its holdings in Domino’s Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after buying an additional 81 shares in the last quarter. 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.