Domino’s Pizza (NASDAQ:DPZ) EVP Kelly Garcia Sells 488 Shares

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 488 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Domino’s Pizza Stock Down 1.9%

DPZ stock traded down $6.10 during midday trading on Tuesday, hitting $310.42. The company’s stock had a trading volume of 665,033 shares, compared to its average volume of 943,809. Domino’s Pizza Inc has a 12 month low of $297.48 and a 12 month high of $496.00. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.02. The company has a 50 day moving average of $351.34 and a two-hundred day moving average of $388.52.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 earnings per share (EPS) 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%.Domino’s Pizza’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $4.33 earnings per share. On average, analysts anticipate that Domino’s Pizza Inc will post 19.15 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is presently 45.83%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DPZ. William Blair set a $540.00 target price on Domino’s Pizza in a research note on Monday, February 23rd. UBS Group reduced their target price on Domino’s Pizza from $480.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. HSBC reduced their target price on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Benchmark reduced their target price on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Finally, Citigroup cut their price target on Domino’s Pizza from $425.00 to $365.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 28th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $419.74.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Jump Financial LLC purchased a new position in Domino’s Pizza during the second quarter valued at approximately $3,183,000. Investment Management Corp of Ontario raised its position in Domino’s Pizza by 68.3% during the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after acquiring an additional 647 shares in the last quarter. Sei Investments Co. raised its position in Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after acquiring an additional 14,452 shares in the last quarter. Glenview Trust co raised its position in Domino’s Pizza by 36.9% during the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after acquiring an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC raised its position in Domino’s Pizza by 17.3% during the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 195 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other 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.