Domino’s Pizza (NASDAQ:DPZ) Posts Earnings Results, Misses Estimates By $0.10 EPS

Domino’s Pizza (NASDAQ:DPZ) announced its quarterly earnings data on Monday. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10), Briefing.com reports. Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.During the same period last year, the company earned $3.81 EPS. The firm’s revenue was up 4.3% on a year-over-year basis.

Domino’s Pizza Price Performance

NASDAQ DPZ opened at $322.18 on Monday. The firm’s fifty day moving average price is $308.93 and its 200 day moving average price is $358.32. Domino’s Pizza has a 12 month low of $282.00 and a 12 month high of $496.00. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, June 15th. Domino’s Pizza’s dividend payout ratio (DPR) is 45.83%.

Insiders Place Their Bets

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 487 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at $2,777,637.52. This represents a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,950 shares of company stock valued at $611,451 over the last three months. 0.89% of the stock is owned by insiders.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Diversify Advisory Services LLC boosted its holdings in shares of Domino’s Pizza by 5.1% in the third quarter. Diversify Advisory Services LLC now owns 682 shares of the restaurant operator’s stock valued at $275,000 after buying an additional 33 shares during the period. Principal Securities Inc. raised its holdings in shares of Domino’s Pizza by 4.2% during the fourth quarter. Principal Securities Inc. now owns 1,078 shares of the restaurant operator’s stock worth $449,000 after acquiring an additional 43 shares during the period. Johnson Financial Group Inc. lifted its position in Domino’s Pizza by 200.0% in the 3rd quarter. Johnson Financial Group Inc. now owns 84 shares of the restaurant operator’s stock valued at $36,000 after acquiring an additional 56 shares in the last quarter. Prosperity Financial Group Inc. lifted its position in Domino’s Pizza by 7.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 868 shares of the restaurant operator’s stock valued at $375,000 after acquiring an additional 61 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in Domino’s Pizza by 8.1% in the 3rd quarter. Vident Advisory LLC now owns 966 shares of the restaurant operator’s stock worth $417,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DPZ shares. Mizuho decreased their price target on shares of Domino’s Pizza from $470.00 to $420.00 and set an “outperform” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group dropped their price objective on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. DA Davidson reduced their price objective on shares of Domino’s Pizza from $436.00 to $423.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Evercore restated an “outperform” rating on shares of Domino’s Pizza in a research note on Thursday, July 9th. Finally, Barclays lowered their price objective on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research report on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $400.57.

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.