Domino’s Pizza, Inc. (DPZ) To Go Ex-Dividend on December 13th

Domino’s Pizza, Inc. (NYSE:DPZ) announced a quarterly dividend on Tuesday, October 8th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 1.51 per share by the restaurant operator on Friday, December 27th. This represents a $6.04 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, December 13th.

Domino’s Pizza has raised its dividend by an average of 15.8% per year over the last three years and has raised its dividend every year for the last 12 years. Domino’s Pizza has a payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Domino’s Pizza to earn $17.63 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 34.3%.

Domino’s Pizza Trading Up 1.8 %

NYSE DPZ traded up $8.11 on Wednesday, hitting $462.27. 103,400 shares of the stock traded hands, compared to its average volume of 602,733. The stock has a 50-day moving average of $437.85 and a 200 day moving average of $451.19. Domino’s Pizza has a twelve month low of $393.00 and a twelve month high of $542.75. The company has a market capitalization of $15.96 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 2.48 and a beta of 0.88.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.18 EPS. As a group, equities research analysts expect that Domino’s Pizza will post 16.82 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares in the company, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DPZ has been the subject of a number of recent analyst reports. Bank of America decreased their price objective on Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating for the company in a report on Friday, October 11th. Stephens decreased their price target on Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday, October 11th. Finally, Barclays decreased their price target on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $495.76.

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.