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

Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Domino’s Pizza Stock Performance

NASDAQ:DPZ opened at $425.58 on Friday. The stock has a 50-day simple moving average of $450.39 and a two-hundred day simple moving average of $437.92. The firm has a market capitalization of $14.60 billion, a PE ratio of 26.14, a P/E/G 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 announced its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $4.48 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently announced 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 boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date is Friday, March 14th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.64%. Domino’s Pizza’s payout ratio is 41.70%.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors have recently bought and sold shares of the business. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza in the fourth quarter worth about $25,000. Wood Tarver Financial Group LLC purchased a new position in Domino’s Pizza in the 4th quarter worth approximately $25,000. True Wealth Design LLC boosted its stake in Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Domino’s Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DPZ. TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, February 24th. Barclays upped their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a report on Tuesday, February 25th. BMO Capital Markets lifted their target price on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Finally, Oppenheimer lifted their price objective on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.