Domino’s Pizza Inc. (NYSE:DPZ)’s share price reached a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $163.73 and last traded at $163.20, with a volume of 2,326,557 shares. The stock had previously closed at $152.01.
The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.06. The company earned $566.70 million during the quarter, compared to analysts’ expectations of $339.32 million. Domino’s Pizza had a negative return on equity of 11.59% and a net margin of 8.45%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.67 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were paid a dividend of $0.38 per share. The ex-dividend date was Tuesday, September 13th. This represents a $1.52 annualized dividend and a yield of 0.95%. Domino’s Pizza’s dividend payout ratio (DPR) is 40.86%.
Several equities research analysts have issued reports on DPZ shares. Nomura cut Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $135.00 target price for the company. in a research note on Wednesday, June 22nd. Zacks Investment Research cut Domino’s Pizza from a “hold” rating to a “sell” rating in a research note on Thursday, June 23rd. Vetr cut Domino’s Pizza from a “buy” rating to a “hold” rating and set a $133.50 price objective for the company. in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $139.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, July 19th. Finally, Numis Securities Ltd reaffirmed a “buy” rating on shares of Domino’s Pizza in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Domino’s Pizza has an average rating of “Hold” and an average price target of $145.73.
In related news, insider Richard E. Allison, Jr. sold 20,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $146.92, for a total value of $2,938,400.00. Following the sale, the insider now owns 42,080 shares of the company’s stock, valued at $6,182,393.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James A. Goldman sold 3,095 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $147.66, for a total transaction of $457,007.70. Following the completion of the sale, the director now directly owns 15,167 shares in the company, valued at approximately $2,239,559.22. The disclosure for this sale can be found here. 5.03% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Capital Fund Management S.A. boosted its stake in Domino’s Pizza by 717.7% in the second quarter. Capital Fund Management S.A. now owns 77,808 shares of the company’s stock worth $10,222,000 after buying an additional 68,292 shares during the last quarter. BlackRock Group LTD raised its position in Domino’s Pizza by 56.5% in the first quarter. BlackRock Group LTD now owns 114,427 shares of the company’s stock worth $15,089,000 after buying an additional 41,334 shares during the period. Aperio Group LLC raised its position in Domino’s Pizza by 19.1% in the first quarter. Aperio Group LLC now owns 10,960 shares of the company’s stock worth $1,445,000 after buying an additional 1,760 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Domino’s Pizza during the first quarter worth approximately $820,000. Finally, LPL Financial LLC raised its position in Domino’s Pizza by 25.8% in the first quarter. LPL Financial LLC now owns 10,052 shares of the company’s stock worth $1,330,000 after buying an additional 2,062 shares during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.
The stock has a market cap of $7.69 billion, a PE ratio of 42.92 and a beta of 0.81. The company’s 50-day moving average price is $151.48 and its 200-day moving average price is $137.95.
Domino’s Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain. The Company operates pizza stores at 12,500 locations in over 80 markets. It operates through three segments: domestic stores, international franchise and supply chain. Its Domestic Stores segment consists primarily of its franchise operations, through which it operates network of over 4,820 franchised stores located in the United States.
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