Kelly Garcia Sells 487 Shares of Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 487 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $311.74, for a total value of $151,817.38. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at $2,915,392.48. This represents a 4.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Domino’s Pizza Price Performance

DPZ stock opened at $323.88 on Friday. Domino’s Pizza Inc has a 1-year low of $297.48 and a 1-year high of $496.00. The business has a fifty day moving average price of $335.13 and a 200-day moving average price of $379.59. The stock has a market capitalization of $10.77 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.51 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion during the quarter. During the same period in the prior year, the company earned $4.33 EPS. Domino’s Pizza’s revenue was up 3.5% on a year-over-year basis. As a group, analysts anticipate that Domino’s Pizza Inc will post 19.07 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Domino’s Pizza’s dividend payout ratio is 45.83%.

Institutional Trading of Domino’s Pizza

Hedge funds have recently bought and sold shares of the stock. SHP Wealth Management bought a new stake in Domino’s Pizza during the fourth quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Domino’s Pizza by 97.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 34 shares during the period. MBM Wealth Consultants LLC bought a new stake in Domino’s Pizza during the first quarter valued at about $31,000. Cornerstone Planning Group LLC grew its holdings in Domino’s Pizza by 450.0% during the first quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 81 shares during the period. Finally, Johnson Financial Group Inc. grew its holdings in Domino’s Pizza by 200.0% during the third quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 56 shares during the period. Institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DPZ shares. Northcoast Research reduced their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Jefferies Financial Group reduced their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Guggenheim reduced their price objective on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Sanford C. Bernstein reduced their price objective on Domino’s Pizza from $470.00 to $390.00 and set a “market perform” rating for the company in a research report on Tuesday, April 28th. Finally, Stifel Nicolaus set a $400.00 price objective on Domino’s Pizza in a research report on Monday, April 27th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.13.

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.