Kelly E. Garcia Sells 2,104 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the sale, the executive vice president now owns 5,699 shares in the company, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Domino’s Pizza Trading Down 0.7 %

Shares of DPZ stock opened at $425.58 on Friday. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75. The stock has a market cap of $14.60 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.47 and a beta of 1.06. The company has a 50 day simple moving average of $450.39 and a two-hundred day simple moving average of $437.92.

Domino’s Pizza (NASDAQ:DPZ) last issued 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the firm earned $4.48 EPS. The company’s revenue was up 2.9% on a year-over-year basis. As a group, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business 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 represents a $6.96 annualized dividend and a dividend yield of 1.64%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Stephens reissued an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Monday, March 3rd. Benchmark reiterated a “buy” rating and issued a $520.00 price target on shares of Domino’s Pizza in a research note on Tuesday, February 25th. TD Cowen restated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Oppenheimer upped their target price on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Barclays increased their price target on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average target price of $503.41.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DPZ. Janney Montgomery Scott LLC lifted its holdings 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 valued at $1,258,000 after purchasing an additional 215 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Domino’s Pizza by 1.4% during the 3rd 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. Legacy Capital Wealth Partners LLC purchased a new position in shares of Domino’s Pizza during the 3rd quarter valued at $221,000. Catalytic Wealth RIA LLC boosted its holdings in Domino’s Pizza by 6.9% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 834 shares of the restaurant operator’s stock worth $359,000 after buying an additional 54 shares during the period. Finally, Rakuten Securities Inc. increased its stake in Domino’s Pizza by 195.6% in the 3rd quarter. Rakuten Securities Inc. now owns 133 shares of the restaurant operator’s stock worth $57,000 after buying an additional 88 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.