Domino’s Pizza (NASDAQ:DPZ) EVP Kelly Garcia Sells 4,870 Shares

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 4,870 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $434.06, for a total transaction of $2,113,872.20. Following the sale, the executive vice president directly owned 6,744 shares in the company, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Domino’s Pizza Price Performance

Domino’s Pizza stock traded up $4.52 during mid-day trading on Wednesday, reaching $438.42. The company had a trading volume of 576,665 shares, compared to its average volume of 636,014. The stock’s 50-day simple moving average is $414.10 and its 200-day simple moving average is $439.29. Domino’s Pizza Inc has a 1 year low of $392.89 and a 1 year high of $500.55. The company has a market capitalization of $14.81 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.32 and a beta of 1.14.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.96 by $0.12. Domino’s Pizza had a negative return on equity of 14.91% and a net margin of 12.16%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted $4.19 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s dividend payout ratio is 40.68%.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently bought and sold shares of DPZ. Public Sector Pension Investment Board boosted its holdings in shares of Domino’s Pizza by 7.9% during the first quarter. Public Sector Pension Investment Board now owns 4,647 shares of the restaurant operator’s stock worth $2,135,000 after purchasing an additional 342 shares during the last quarter. HighTower Advisors LLC lifted its position in Domino’s Pizza by 6.0% during the first quarter. HighTower Advisors LLC now owns 8,978 shares of the restaurant operator’s stock worth $4,125,000 after buying an additional 510 shares during the period. Aberdeen Group plc lifted its position in Domino’s Pizza by 106.1% during the first quarter. Aberdeen Group plc now owns 24,150 shares of the restaurant operator’s stock worth $11,019,000 after buying an additional 12,431 shares during the period. American Century Companies Inc. boosted its stake in Domino’s Pizza by 28.9% in the 1st quarter. American Century Companies Inc. now owns 1,107 shares of the restaurant operator’s stock worth $509,000 after buying an additional 248 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Domino’s Pizza by 13.1% in the 1st quarter. Raymond James Financial Inc. now owns 87,823 shares of the restaurant operator’s stock valued at $40,350,000 after buying an additional 10,179 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Guggenheim lifted their price target on Domino’s Pizza from $485.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 27th. BTIG Research restated a “buy” rating and set a $530.00 target price on shares of Domino’s Pizza in a research report on Friday, November 14th. Jefferies Financial Group reduced their price target on shares of Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Barclays dropped their price objective on shares of Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Finally, Bank of America upped their target price on Domino’s Pizza from $514.00 to $536.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.40.

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.