Domino’s Pizza, Inc. (NYSE:DPZ) Declares $1.51 Quarterly Dividend

Domino’s Pizza, Inc. (NYSE:DPZ) announced a quarterly dividend on Tuesday, October 8th,Zacks Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 1.51 per share by the restaurant operator on Friday, December 27th. This represents a $6.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Friday, December 13th.

Domino’s Pizza has raised its dividend by an average of 15.8% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Domino’s Pizza has a payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Domino’s Pizza to earn $17.63 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 34.3%.

Domino’s Pizza Stock Performance

NYSE DPZ traded up $6.92 during trading hours on Wednesday, hitting $461.08. 48,735 shares of the company’s stock were exchanged, compared to its average volume of 602,479. The business’s 50 day moving average is $437.85 and its 200-day moving average is $451.19. Domino’s Pizza has a 12-month low of $393.00 and a 12-month high of $542.75. The firm has a market capitalization of $15.92 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $4.18 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Domino’s Pizza will post 16.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of research reports. Jefferies Financial Group decreased their price target on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a research report on Friday, October 11th. Evercore ISI dropped their target price on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Wedbush reissued an “outperform” rating and set a $470.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Bank of America decreased their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Robert W. Baird cut their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Insider Activity

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kevin Scott Morris sold 2,646 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

About Domino’s Pizza

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.