Domino’s Pizza (NYSE:DPZ) Issues Quarterly Earnings Results, Beats Estimates By $0.35 EPS

Domino’s Pizza (NYSE:DPZ) released its quarterly earnings results on Thursday. The restaurant operator reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35, Briefing.com reports. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business posted $3.08 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year.

Domino’s Pizza Price Performance

NYSE DPZ traded down $0.76 on Friday, hitting $408.28. 95,718 shares of the company’s stock were exchanged, compared to its average volume of 560,451. The firm’s 50-day moving average price is $508.32 and its two-hundred day moving average price is $473.12. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.33 and a beta of 0.87. Domino’s Pizza has a fifty-two week low of $330.05 and a fifty-two week high of $542.75.

Domino’s Pizza Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. TD Securities reissued a “buy” rating and set a $580.00 price target on shares of Domino’s Pizza in a research report on Thursday, May 16th. Barclays increased their price target on Domino’s Pizza from $405.00 to $470.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. BMO Capital Markets raised their price objective on Domino’s Pizza from $535.00 to $575.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Argus increased their target price on shares of Domino’s Pizza from $580.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $575.00 price objective on shares of Domino’s Pizza in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $532.32.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 745 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Russell J. Weiner sold 11,780 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the transaction, the chief executive officer now directly owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

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.