Domino’s Pizza (NASDAQ:DPZ) Issues Quarterly Earnings Results

Domino’s Pizza (NASDAQ:DPZ) issued its earnings results on Monday. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10), Briefing.com reports. Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. During the same period in the previous year, the firm earned $3.81 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ opened at $322.18 on Monday. The business’s 50 day moving average is $308.93 and its two-hundred day moving average is $358.32. Domino’s Pizza has a 52-week low of $282.00 and a 52-week high of $496.00. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.55 and a beta of 0.97.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $1.99 dividend. 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 2.5%. Domino’s Pizza’s payout ratio is presently 45.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DPZ shares. Northcoast Research decreased their target price on shares of Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Sanford C. Bernstein reduced their price target on shares of Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 28th. TD Cowen reduced their price target on shares of Domino’s Pizza from $350.00 to $295.00 and set a “hold” rating on the stock in a research report on Thursday, July 9th. HSBC decreased their price objective on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, Morgan Stanley cut their target price on Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $400.57.

Insider Activity at Domino’s Pizza

In related news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Insiders sold 1,950 shares of company stock worth $611,451 in the last ninety days. Company insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently bought and sold shares of DPZ. Brown Brothers Harriman & Co. boosted its position in shares of Domino’s Pizza by 303.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 250 shares of the restaurant operator’s stock worth $104,000 after acquiring an additional 188 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of Domino’s Pizza by 33.5% in the 4th quarter. Vise Technologies Inc. now owns 638 shares of the restaurant operator’s stock valued at $266,000 after buying an additional 160 shares in the last quarter. Voleon Capital Management LP purchased a new position in shares of Domino’s Pizza in the 3rd quarter valued at $204,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Domino’s Pizza in the 3rd quarter valued at $281,000. Finally, Diversify Advisory Services LLC raised its stake in Domino’s Pizza by 5.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 33 shares in the last quarter. 94.63% of the stock is owned by institutional investors and hedge funds.

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.