Domino’s Pizza (NASDAQ:DPZ) Share Price Breaks Above 200-Day Moving Average After Insider Selling

Domino’s Pizza Inc (NASDAQ:DPZ) shares crossed above its 200-day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a 200-day moving average of $339.72 and traded as high as $346.88. Domino’s Pizza shares last traded at $341.72, with a volume of 750,061 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DPZ shares. Morgan Stanley dropped their price objective on Domino’s Pizza from $357.00 to $345.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. UBS Group restated a “buy” rating on shares of Domino’s Pizza in a research note on Monday, October 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Domino’s Pizza in a report on Wednesday, October 14th. Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. Finally, Seaport Research Partners began coverage on Domino’s Pizza in a research report on Wednesday, September 16th. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $383.45.

Latest Domino’s Pizza News

Investors following DPZ have been watching these news items:

• Positive Sentiment: Baird upgraded DPZ from “neutral” to “outperform” and raised its price target to $400 from $320, citing an improving sales outlook. The target implies potential upside from the recent share price. Article: Domino’s Pizza shares rise after Baird upgrades stock on improving sales outlook
• Neutral Sentiment: Strong order growth is being offset by weaker average ticket growth, leaving the outlook dependent on whether customer traffic can continue to compensate for lower spending per order. Article: Domino’s Strong Order Trends vs. Weak Ticket Growth: What Lies Ahead?
• Neutral Sentiment: EVP Katherine Trumbull sold 370 shares for about $122,000, reducing her stake by 6.01%; she still held 5,785 shares after the transaction. The sale was modest in scale. Article: Domino’s Pizza Stock: Insider Katherine Trumbull Sells 370 Shares

Domino’s Pizza Stock Performance

The company’s 50-day moving average price is $312.12 and its two-hundred day moving average price is $339.72. The stock has a market cap of $11.24 billion, a PE ratio of 18.83, a PEG ratio of 1.54 and a beta of 0.95.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The company had revenue of $1.19 billion during the quarter. During the same quarter last year, the firm posted $4.08 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that Domino’s Pizza Inc will post 19.10 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be issued a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 15th. Domino’s Pizza’s dividend payout ratio is presently 43.86%.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently modified their holdings of the company. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza in the 1st quarter worth approximately $895,251,000. BlackRock Inc. bought a new stake in Domino’s Pizza in the second quarter worth $715,704,000. Arrowstreet Capital Limited Partnership lifted its stake in Domino’s Pizza by 247.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock worth $189,171,000 after purchasing an additional 375,709 shares during the last quarter. Royal Bank of Canada boosted its position in Domino’s Pizza by 5.2% during the first quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after buying an additional 22,320 shares during the period. Finally, Van ECK Associates Corp boosted its position in Domino’s Pizza by 937,192.2% during the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock valued at $141,513,000 after buying an additional 477,968 shares during the period. 94.63% of the stock is currently owned by institutional investors.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc. is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location. The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino’s Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.