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

Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Reddy Sandeep sold 1,077 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 8,081 shares of the company’s stock, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Domino’s Pizza Price Performance

Shares of DPZ stock traded up $8.15 on Wednesday, hitting $438.71. 884,893 shares of the stock traded hands, compared to its average volume of 603,450. The firm has a market cap of $15.05 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 2.47 and a beta of 1.06. The firm has a 50 day simple moving average of $450.39 and a two-hundred day simple moving average of $437.97. 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 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm earned $4.48 earnings per share. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current year.

Domino’s Pizza Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s payout ratio is currently 41.70%.

Institutional Trading of Domino’s Pizza

Several hedge funds have recently bought and sold shares of DPZ. Berkshire Hathaway Inc purchased a new position in shares of Domino’s Pizza in the 3rd quarter worth $549,399,000. Janney Montgomery Scott LLC increased its position in Domino’s Pizza by 278.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after acquiring an additional 8,136 shares during the last quarter. Empowered Funds LLC increased its position in Domino’s Pizza by 44.6% during the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after acquiring an additional 1,762 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Domino’s Pizza by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,099 shares of the restaurant operator’s stock valued at $98,545,000 after acquiring an additional 2,201 shares during the period. Finally, Alta Capital Management LLC lifted its holdings in shares of Domino’s Pizza by 20.5% in the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock worth $2,999,000 after acquiring an additional 1,214 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 research analysts have issued reports on DPZ shares. Loop Capital reduced their price objective on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Domino’s Pizza in a research note on Tuesday, February 25th. TD Securities restated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Morgan Stanley lowered their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Finally, Stephens reissued an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a research note on Monday, March 3rd. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target 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.