Domino’s Pizza (NASDAQ:DPZ) Trading Up 4.1% – Here’s What Happened

Domino’s Pizza Inc (NASDAQ:DPZ) shot up 4.1% during trading on Friday . The company traded as high as $345.99 and last traded at $345.70. Approximately 126,852 shares changed hands during trading, a decline of 86% from the average daily volume of 920,032 shares. The stock had previously closed at $332.05.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DPZ. BTIG Research reaffirmed a “buy” rating and set a $425.00 target price on shares of Domino’s Pizza in a research report on Tuesday, July 21st. TD Cowen increased their price target on Domino’s Pizza from $295.00 to $310.00 and gave the company a “hold” rating in a report on Monday, July 20th. JPMorgan Chase & Co. dropped their price objective on Domino’s Pizza from $430.00 to $380.00 and set an “overweight” rating on the stock in a report on Tuesday, June 23rd. Loop Capital reiterated a “hold” rating and set a $353.00 target price on shares of Domino’s Pizza in a research note on Monday, August 10th. Finally, Royal Bank Of Canada increased their target price on Domino’s Pizza from $325.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Sixteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Domino’s Pizza presently has an average rating of “Hold” and a consensus price target of $397.42.

Domino’s Pizza Trading Up 5.7%

The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.66 and a beta of 0.94. The business has a 50-day moving average price of $327.85 and a two-hundred day moving average price of $345.61.

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 analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company had revenue of $1.19 billion for the quarter. During the same period in the prior year, the firm posted $3.81 EPS. Domino’s Pizza’s revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $1.99 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.3%. Domino’s Pizza’s payout ratio is 45.15%.

Insider Activity

In other Domino’s Pizza news, EVP Kelly E. Garcia sold 12,430 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $322.04, for a total value of $4,002,957.20. Following the completion of the transaction, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This represents a 57.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Russell J. Weiner sold 10,850 shares of Domino’s Pizza stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the sale, the chief executive officer directly owned 43,829 shares in the company, valued at approximately $14,499,948.07. This trade represents a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,254 shares of company stock valued at $7,888,924 in the last 90 days. Insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in Domino’s Pizza by 34,175.6% during the 2nd quarter. California State Teachers Retirement System now owns 14,904,726 shares of the restaurant operator’s stock worth $4,412,395,000 after acquiring an additional 14,861,241 shares during the period. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza during the first quarter valued at about $895,251,000. BlackRock Inc. bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $715,704,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Domino’s Pizza by 21,977.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the period. Finally, Norges Bank acquired a new stake in Domino’s Pizza in the fourth quarter worth about $285,116,000. 94.63% of the stock is owned by 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.