Reddy Sandeep Sells 399 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Reddy Sandeep sold 399 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $443.20, for a total value of $477,326.40.

Domino’s Pizza Trading Down 4.2 %

Domino’s Pizza stock opened at $444.21 on Friday. The company has a market capitalization of $15.24 billion, a PE ratio of 27.29, a P/E/G ratio of 2.47 and a beta of 1.15. The stock has a 50-day moving average price of $461.64 and a two-hundred day moving average price of $443.26. Domino’s Pizza, Inc. has a 12 month low of $396.06 and a 12 month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing the consensus estimate of $4.93 by ($0.04). Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business earned $4.48 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, analysts predict that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stephens reiterated an “equal weight” rating and set a $440.00 price objective on shares of Domino’s Pizza in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, April 1st. TD Cowen restated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a research report on Monday, February 24th. Morgan Stanley dropped their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Loop Capital cut their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $503.41.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DPZ. Janney Montgomery Scott LLC grew its position in shares of Domino’s Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator’s stock valued at $4,643,000 after buying an additional 8,136 shares during the last quarter. Empowered Funds LLC boosted its holdings in Domino’s Pizza by 44.6% in the fourth quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator’s stock valued at $2,398,000 after acquiring an additional 1,762 shares during the last quarter. Alta Capital Management LLC increased its position in Domino’s Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator’s stock valued at $2,999,000 after purchasing an additional 1,214 shares during the period. Principal Financial Group Inc. raised its holdings in Domino’s Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after purchasing an additional 21,705 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Domino’s Pizza during the 4th quarter worth approximately $282,000. 94.63% of the stock is owned by institutional investors.

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.