Domino’s Pizza (NASDAQ:DPZ) CEO Russell Weiner Sells 10,850 Shares

Domino’s Pizza Inc (NASDAQ:DPZ) CEO Russell Weiner sold 10,850 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $330.83, for a total value of $3,589,505.50. Following the transaction, the chief executive officer owned 43,829 shares of the company’s stock, valued at approximately $14,499,948.07. The trade was a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ traded up $13.13 on Tuesday, hitting $356.66. The company’s stock had a trading volume of 316,640 shares, compared to its average volume of 944,832. The company has a 50-day simple moving average of $311.50 and a 200 day simple moving average of $354.63. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $477.00. The company has a market capitalization of $11.80 billion, a PE ratio of 20.23, a PEG ratio of 1.62 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing the consensus estimate of $4.17 by ($0.10). The business had revenue of $1.19 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $3.81 earnings per share. On average, equities research analysts expect that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Domino’s Pizza’s payout ratio is currently 45.15%.

Institutional Trading of Domino’s Pizza

Institutional investors have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in shares of Domino’s Pizza in the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 34 shares during the last quarter. Johnson Financial Group Inc. increased its stake 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 worth $36,000 after purchasing an additional 56 shares during the period. MBM Wealth Consultants LLC purchased a new position in Domino’s Pizza in the 1st quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC lifted its position in Domino’s Pizza by 450.0% in 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 last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on DPZ shares. JPMorgan Chase & Co. lowered their price objective on shares of Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 23rd. TD Cowen increased their target price on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Loop Capital lowered their price target on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. HSBC dropped their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Finally, Northcoast Research reduced their price objective on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $402.16.

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.