Domino’s Pizza (NYSE:DPZ) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Domino’s Pizza (NYSE:DPZ) posted its earnings results on Monday. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12, Briefing.com reports. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business earned $2.93 EPS. Domino’s Pizza’s revenue for the quarter was up 5.9% compared to the same quarter last year.

Domino’s Pizza Trading Down 2.4 %

DPZ opened at $516.42 on Thursday. The company has a market cap of $18.01 billion, a P/E ratio of 33.71, a PEG ratio of 2.76 and a beta of 0.83. The company’s 50 day moving average is $471.46 and its 200-day moving average is $422.01. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $542.75.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.17%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 39.43%.

Analyst Ratings Changes

A number of equities research analysts recently commented on DPZ shares. Benchmark raised their price objective on shares of Domino’s Pizza from $510.00 to $575.00 and gave the stock a “buy” rating in a report on Tuesday. Stephens upped their price objective on Domino’s Pizza from $479.00 to $513.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Evercore ISI lifted their target price on Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research report on Monday, April 8th. Jefferies Financial Group upped their price target on Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Finally, Barclays lifted their price objective on shares of Domino’s Pizza from $405.00 to $470.00 and gave the company an “underweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $516.19.

Insider Buying and Selling

In other news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia A. Headen sold 745 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. Insiders sold a total of 13,401 shares of company stock worth $6,995,948 in the last three months. 0.76% of the stock is owned by corporate insiders.

Domino’s Pizza Company Profile

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