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

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

Domino’s Pizza Price Performance

Shares of NASDAQ:DPZ opened at $360.00 on Thursday. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $477.00. The stock’s fifty day moving average price is $313.14 and its 200-day moving average price is $353.91. The company has a market cap of $11.91 billion, a P/E ratio of 20.42, a PEG ratio of 1.69 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The company had revenue of $1.19 billion for the quarter. Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.81 EPS. On average, sell-side analysts anticipate that Domino’s Pizza Inc will post 18.9 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on DPZ. HSBC cut their price target on Domino’s Pizza from $601.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Deutsche Bank Aktiengesellschaft cut their target price on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Barclays reduced their price target on shares of Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating on the stock in a report on Monday, April 27th. Rothschild & Co Redburn dropped their price target on Domino’s Pizza from $340.00 to $290.00 in a research note on Monday, May 11th. Finally, Mizuho dropped 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. Eighteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Moderate Buy” and an average price target of $402.16.

Institutional Trading of Domino’s Pizza

A number of large investors have recently made changes to their positions in DPZ. Investors Research Corp grew its stake in Domino’s Pizza by 9,900.0% in the second quarter. Investors Research Corp now owns 100 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Tema ETFs LLC lifted its position in Domino’s Pizza by 229.4% during the second quarter. Tema ETFs LLC now owns 593 shares of the restaurant operator’s stock valued at $176,000 after acquiring an additional 413 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Domino’s Pizza by 5.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 971 shares of the restaurant operator’s stock valued at $287,000 after acquiring an additional 50 shares in the last quarter. Invariant Investment Management grew its stake in Domino’s Pizza by 59.8% during the 2nd quarter. Invariant Investment Management now owns 3,008 shares of the restaurant operator’s stock worth $920,000 after buying an additional 1,126 shares during the last quarter. Finally, Czech National Bank grew its stake in shares of Domino’s Pizza by 2.9% during the second quarter. Czech National Bank now owns 8,710 shares of the restaurant operator’s stock worth $2,579,000 after acquiring an additional 245 shares during the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

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.