Domino’s Pizza (NASDAQ:DPZ) Sets New 52-Week Low – Time to Sell?

Domino’s Pizza Inc (NASDAQ:DPZ)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $324.86 and last traded at $325.0010, with a volume of 159993 shares. The stock had previously closed at $331.73.

Analyst Ratings Changes

DPZ has been the subject of several analyst reports. Citigroup dropped their price objective on shares of Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating for the company in a research note on Tuesday, April 28th. Robert W. Baird reduced their price target on shares of Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Evercore reduced their price target on shares of Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. UBS Group reduced their price target on shares of Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, Mizuho lowered their price objective on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and an average price target of $421.35.

Domino’s Pizza Price Performance

The company’s 50-day moving average price is $373.16 and its two-hundred day moving average price is $396.96. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.50 and a beta of 1.02.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). The firm had revenue of $1.15 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.33 EPS. On average, equities research analysts expect that Domino’s Pizza Inc will post 19.22 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $1.99 per share. The ex-dividend date is Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.5%. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Insider Activity

In other news, EVP Kelly E. Garcia sold 488 shares of Domino’s Pizza stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $332.31, for a total transaction of $162,167.28. Following the completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $3,107,763.12. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. SHP Wealth Management bought a new stake in Domino’s Pizza in the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Domino’s Pizza by 97.1% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the period. MBM Wealth Consultants LLC bought a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $31,000. Cornerstone Planning Group LLC raised its position in shares of Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 81 shares during the period. Finally, Johnson Financial Group Inc. raised its position in shares of Domino’s Pizza by 200.0% in the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the period. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Company Profile

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.