Domino’s Pizza (NASDAQ:DPZ) EVP Kelly Garcia Sells 12,430 Shares of Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 12,430 shares of the company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Domino’s Pizza Trading Up 2.0%

Shares of Domino’s Pizza stock opened at $350.47 on Wednesday. The company has a market capitalization of $11.59 billion, a PE ratio of 19.88, a PEG ratio of 1.66 and a beta of 0.97. Domino’s Pizza Inc has a 12 month low of $282.00 and a 12 month high of $477.00. The stock’s fifty day simple moving average is $312.26 and its 200 day simple moving average is $354.24.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business had revenue of $1.19 billion during the quarter. During the same period last year, the firm posted $3.81 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts predict that Domino’s Pizza Inc will post 18.95 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s payout ratio is 45.15%.

Analyst Ratings Changes

A number of analysts recently issued reports on DPZ shares. Oppenheimer lowered their target price on Domino’s Pizza from $465.00 to $415.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Jefferies Financial Group cut their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research note on Tuesday, April 28th. Royal Bank Of Canada upped their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. HSBC lowered their price objective on shares of Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Morgan Stanley dropped their price objective on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $402.16.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently bought and sold shares of the company. SHP Wealth Management bought a new stake in Domino’s Pizza in the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares in the last quarter. Investors Research Corp raised its holdings in shares of Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 99 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $31,000. Finally, Cornerstone Planning Group LLC lifted its position in shares of Domino’s Pizza by 450.0% in the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock worth $33,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.