Reddy Sandeep Sells 1,077 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. The trade was a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $438.71 on Thursday. The firm has a market cap of $15.05 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The firm’s 50-day simple moving average is $450.77 and its 200-day simple moving average is $437.97. Domino’s Pizza, Inc. has a 1 year low of $396.06 and a 1 year high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.48 EPS. On average, equities analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.74 per share. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. This represents a $6.96 annualized dividend and a yield of 1.59%. Domino’s Pizza’s dividend payout ratio is 41.70%.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently bought and sold shares of DPZ. Janney Montgomery Scott LLC raised its stake in Domino’s Pizza by 7.9% during the third quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock worth $1,258,000 after acquiring an additional 215 shares during the period. Principal Financial Group Inc. raised its stake in Domino’s Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after acquiring an additional 23,681 shares during the period. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Domino’s Pizza in the third quarter valued at approximately $221,000. Catalytic Wealth RIA LLC increased its stake in shares of Domino’s Pizza by 6.9% in the third quarter. Catalytic Wealth RIA LLC now owns 834 shares of the restaurant operator’s stock valued at $359,000 after purchasing an additional 54 shares during the period. Finally, Rakuten Securities Inc. increased its stake in shares of Domino’s Pizza by 195.6% in the third quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock valued at $57,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Ratings Changes

DPZ has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. TD Cowen reaffirmed a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a research report on Monday, February 24th. Oppenheimer upped their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Loop Capital decreased their price target on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Company Profile

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.