Domino’s Pizza (NYSE:DPZ) Shares Up 3.5%

Domino’s Pizza, Inc. (NYSE:DPZGet Rating) shares shot up 3.5% on Friday . The stock traded as high as $332.56 and last traded at $331.32. 6,001 shares were traded during trading, a decline of 99% from the average session volume of 675,981 shares. The stock had previously closed at $320.14.

Analyst Ratings Changes

Several research firms have recently weighed in on DPZ. Stifel Nicolaus raised their price objective on Domino’s Pizza from $345.00 to $400.00 in a research note on Monday, July 18th. Barclays reduced their target price on Domino’s Pizza from $355.00 to $326.00 and set an “overweight” rating for the company in a report on Thursday, June 9th. Credit Suisse Group increased their target price on Domino’s Pizza to $425.00 in a report on Friday, July 22nd. Robert W. Baird set a $435.00 price objective on Domino’s Pizza in a report on Tuesday, July 19th. Finally, Oppenheimer increased their price objective on Domino’s Pizza from $435.00 to $445.00 in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Hold” and a consensus price target of $431.36.

Domino’s Pizza Trading Up 2.0 %

The stock’s 50 day moving average is $382.97 and its 200 day moving average is $380.61. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.39 and a beta of 0.61.

Domino’s Pizza (NYSE:DPZGet Rating) last announced its earnings results on Thursday, July 21st. The restaurant operator reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). Domino’s Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company earned $3.12 EPS. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities research analysts predict that Domino’s Pizza, Inc. will post 12.6 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $4.40 annualized dividend and a dividend yield of 1.35%. Domino’s Pizza’s dividend payout ratio is 34.35%.

Insider Activity at Domino’s Pizza

In other news, Director Andrew Balson sold 4,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the completion of the sale, the director now directly owns 6,870 shares in the company, valued at $2,660,338.80. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Andrew Balson sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $387.24, for a total transaction of $1,548,960.00. Following the transaction, the director now directly owns 6,870 shares of the company’s stock, valued at $2,660,338.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 65 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $396.75, for a total transaction of $25,788.75. Following the completion of the sale, the executive vice president now owns 3,270 shares of the company’s stock, valued at $1,297,372.50. The disclosure for this sale can be found here. Insiders sold a total of 4,190 shares of company stock valued at $1,625,744 in the last quarter. Insiders own 1.12% of the company’s stock.

Institutional Trading of Domino’s Pizza

Several institutional investors have recently bought and sold shares of DPZ. GPS Wealth Strategies Group LLC boosted its holdings in shares of Domino’s Pizza by 1,300.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 84 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 78 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Domino’s Pizza in the 2nd quarter worth approximately $35,000. First Horizon Advisors Inc. raised its stake in Domino’s Pizza by 209.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 65 shares during the period. Vigilant Capital Management LLC bought a new stake in Domino’s Pizza during the 1st quarter worth approximately $47,000. Finally, Valley National Advisers Inc. purchased a new stake in Domino’s Pizza during the 1st quarter valued at approximately $51,000. 96.44% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Company Profile

(Get Rating)

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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