Kelly Garcia Sells 488 Shares of Domino’s Pizza (NASDAQ:DPZ) Stock

Domino’s Pizza Inc (NASDAQ:DPZ) EVP Kelly Garcia sold 488 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total transaction of $152,822.08. Following the completion of the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Domino’s Pizza Price Performance

Shares of DPZ stock opened at $311.72 on Thursday. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.44 and a beta of 1.02. Domino’s Pizza Inc has a one year low of $297.48 and a one year high of $496.00. The company’s fifty day moving average price is $347.90 and its 200-day moving average price is $387.25.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, April 27th. The restaurant operator reported $4.13 earnings per share 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 firm had revenue of $1.15 billion during the quarter. During the same period in the prior year, the company earned $4.33 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts expect that Domino’s Pizza Inc will post 19.15 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.6%. Domino’s Pizza’s dividend payout ratio is 45.83%.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently bought and sold shares of DPZ. Berkshire Hathaway Inc raised its holdings 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 valued at $1,287,335,000 after acquiring an additional 348,077 shares in the last quarter. Marshfield Associates grew its holdings in Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after acquiring an additional 28,765 shares in the last quarter. Principal Financial Group Inc. increased its position in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after purchasing an additional 30,647 shares during the period. Mediolanum International Funds Ltd raised its holdings in shares of Domino’s Pizza by 209.6% in the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock valued at $1,805,000 after purchasing an additional 2,813 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new stake in shares of Domino’s Pizza in the 3rd quarter valued at about $1,557,000. Institutional investors own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore decreased their target price on Domino’s Pizza from $510.00 to $400.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. Northcoast Research dropped their price target on Domino’s Pizza from $525.00 to $445.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Robert W. Baird reduced their price objective on shares of Domino’s Pizza from $495.00 to $400.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. William Blair set a $540.00 target price on shares of Domino’s Pizza in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Domino’s Pizza from $480.00 to $435.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has an average rating of “Hold” and an average target price of $418.13.

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.