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

Domino’s Pizza (NYSE:DPZ) issued its quarterly earnings results on Thursday. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company posted $3.08 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.

Domino’s Pizza Stock Performance

Shares of NYSE DPZ opened at $409.04 on Friday. The firm has a market capitalization of $14.27 billion, a P/E ratio of 26.70, a PEG ratio of 2.33 and a beta of 0.87. Domino’s Pizza has a one year low of $330.05 and a one year high of $542.75. The company’s fifty day moving average is $508.32 and its two-hundred day moving average is $473.12.

Domino’s Pizza Announces Dividend

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

Analyst Upgrades and Downgrades

DPZ has been the subject of a number of recent research reports. TD Cowen restated a “buy” rating and issued a $610.00 price objective on shares of Domino’s Pizza in a report on Thursday. HSBC increased their price objective on Domino’s Pizza from $507.00 to $583.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. UBS Group increased their price objective on Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus increased their price objective on Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Stephens decreased their price objective on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $532.32.

Insiders Place Their Bets

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

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.