Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kevin Scott Morris Sells 5,416 Shares of Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total value of $2,366,792.00. Following the transaction, the executive vice president now owns 793 shares in the company, valued at $346,541. This represents a 87.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Domino’s Pizza Stock Down 0.7 %

DPZ stock opened at $425.58 on Friday. The business has a fifty day moving average of $450.39 and a two-hundred day moving average of $437.92. The stock has a market cap of $14.60 billion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. Domino’s Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) 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 period last year, the business earned $4.48 EPS. As a group, sell-side analysts anticipate that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $1.74 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. Domino’s Pizza’s payout ratio is presently 41.70%.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently modified their holdings of DPZ. Janney Montgomery Scott LLC grew its stake in shares of Domino’s Pizza by 7.9% in the third quarter. Janney Montgomery Scott LLC now owns 2,924 shares of the restaurant operator’s stock valued at $1,258,000 after buying an additional 215 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after buying an additional 23,681 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Domino’s Pizza by 10.0% in the third quarter. Victory Capital Management Inc. now owns 98,823 shares of the restaurant operator’s stock valued at $42,508,000 after buying an additional 8,964 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Domino’s Pizza in the third quarter valued at $252,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Domino’s Pizza in the third quarter valued at $488,000. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DPZ shares. Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Barclays increased their price target on Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price target on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Stephens restated an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research report on Monday, March 3rd. Finally, TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have given 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, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

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.