Insider Selling: Domino’s Pizza (NASDAQ:DPZ) EVP Sells $144,643.87 in Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 487 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at $2,777,637.52. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Domino’s Pizza Stock Performance

DPZ opened at $299.46 on Monday. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $496.00. The firm has a 50-day moving average of $310.32 and a 200 day moving average of $362.18. The firm has a market cap of $9.96 billion, a P/E ratio of 17.24, a PEG ratio of 1.40 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings data on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The company had revenue of $1.15 billion during the quarter. During the same quarter last year, the company posted $4.33 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts predict that Domino’s Pizza Inc will post 18.91 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.99 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $7.96 annualized dividend and a yield of 2.7%. Domino’s Pizza’s dividend payout ratio is 45.83%.

Analysts Set New Price Targets

DPZ has been the topic of several research reports. BMO Capital Markets lowered their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Mizuho reduced their price objective 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. Gordon Haskett lowered their target price on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Wells Fargo & Company dropped their target price on Domino’s Pizza from $400.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Finally, Robert W. Baird cut their price target on Domino’s Pizza from $400.00 to $350.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Domino’s Pizza has a consensus rating of “Moderate Buy” and a consensus price target of $405.39.

Institutional Investors Weigh In On Domino’s Pizza

Several large investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc increased its position in shares of Domino’s Pizza by 13.2% in the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock worth $1,287,335,000 after purchasing an additional 348,077 shares during the last quarter. Marshfield Associates lifted its position in Domino’s Pizza by 4.0% during the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after purchasing an additional 28,765 shares during the last quarter. Teacher Retirement System of Texas grew its stake in Domino’s Pizza by 55.7% in the 4th quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock worth $18,845,000 after buying an additional 16,179 shares in the last quarter. Amica Mutual Insurance Co. grew its stake in Domino’s Pizza by 59.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after buying an additional 6,203 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Domino’s Pizza by 10.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after buying an additional 6,223 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

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.