Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Reddy Sandeep Sells 399 Shares

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Reddy Sandeep also recently made the following trade(s):

• On Tuesday, March 11th, Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock. The stock was sold at an average price of $443.20, for a total value of $477,326.40.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $444.21 on Friday. Domino’s Pizza, Inc. has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a 50-day moving average price of $461.64 and a two-hundred day moving average price of $443.26. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the business posted $4.48 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, March 14th. Domino’s Pizza’s payout ratio is 41.70%.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently added to or reduced their stakes in the stock. Sherman Asset Management Inc. purchased a new position in Domino’s Pizza in the fourth quarter valued at about $25,000. Wood Tarver Financial Group LLC purchased a new position in Domino’s Pizza in the fourth quarter valued at approximately $25,000. Brown Brothers Harriman & Co. grew its holdings in Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Covestor Ltd increased its position in Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 26 shares during the period. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on DPZ. Loop Capital cut their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th. Argus lowered shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a report on Tuesday, February 25th. BMO Capital Markets upped their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Finally, Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Company Profile

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.