Insider Selling: Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Sells $184,409.82 in Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Reddy Sandeep also recently made the following trade(s):

• On Tuesday, March 11th, Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock. The shares were sold at an average price of $443.20, for a total transaction of $477,326.40.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $444.21 on Monday. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.47 and a beta of 1.15. The stock has a fifty day moving average of $461.64 and a two-hundred day moving average of $443.50.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.48 EPS. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date was Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s payout ratio is currently 41.70%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Robert W. Baird reduced their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Stephens reaffirmed an “equal weight” rating and issued a $440.00 target price on shares of Domino’s Pizza in a report on Wednesday, April 2nd. Argus cut Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Barclays boosted their target price on Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a report on Tuesday, February 25th. Finally, TD Cowen reaffirmed a “buy” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Institutional Trading of Domino’s Pizza

A number of hedge funds have recently bought and sold shares of the company. Sherman Asset Management Inc. acquired a new position in Domino’s Pizza in the 4th quarter valued at $25,000. Wood Tarver Financial Group LLC purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. increased its stake in Domino’s Pizza by 1,016.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd lifted its position in Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.