Reddy Sandeep Sells 1,077 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Reddy Sandeep sold 1,077 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $443.20, for a total value of $477,326.40. Following the transaction, the chief financial officer now owns 8,081 shares of the company’s stock, valued at $3,581,499.20. This represents a 11.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Domino’s Pizza Trading Down 2.3 %

Shares of DPZ stock opened at $428.67 on Friday. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75. The business’s fifty day simple moving average is $450.77 and its 200-day simple moving average is $437.97. The company has a market cap of $14.70 billion, a PE ratio of 26.33, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted $4.48 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.62%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DPZ. Sherman Asset Management Inc. acquired a new position in shares of Domino’s Pizza in the 4th quarter valued at $25,000. Wood Tarver Financial Group LLC purchased a new position in shares of Domino’s Pizza in the fourth quarter worth about $25,000. True Wealth Design LLC lifted its holdings in shares of Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares during the period. Finally, Covestor Ltd raised its position in Domino’s Pizza by 158.1% during the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research report on Thursday, February 20th. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Tuesday, February 25th. Barclays boosted their target price on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a report on Tuesday, February 25th. Loop Capital dropped their price target on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Finally, Citigroup boosted their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Company Profile

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.