Domino’s Pizza (NYSE:DPZ) Shares Gap Up – Here’s Why

Domino’s Pizza, Inc. (NYSE:DPZ) shares gapped up before the market opened on Friday . The stock had previously closed at $435.97, but opened at $458.55. Domino’s Pizza shares last traded at $445.11, with a volume of 477,502 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays cut their target price on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a research report on Friday, October 11th. Piper Sandler cut their target price on shares of Domino’s Pizza from $436.00 to $429.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Wells Fargo & Company cut their price objective on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating for the company in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Citigroup reduced their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza has an average rating of “Moderate Buy” and an average price target of $494.38.

Domino’s Pizza Trading Up 2.0 %

The business’s 50 day simple moving average is $423.17 and its 200 day simple moving average is $459.20. The firm has a market capitalization of $15.36 billion, a PE ratio of 26.78, a PEG ratio of 2.36 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $4.18 earnings per share. Analysts forecast that Domino’s Pizza, Inc. will post 16.86 earnings per share for the current year.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.36%. Domino’s Pizza’s payout ratio is 37.10%.

Insider Buying and Selling

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by corporate insiders.

Institutional Trading of Domino’s Pizza

A number of large investors have recently made changes to their positions in the stock. True Wealth Design LLC lifted its holdings in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 61 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Domino’s Pizza during the third quarter worth approximately $30,000. Blue Trust Inc. raised its stake in shares of Domino’s Pizza by 162.5% during the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 39 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Domino’s Pizza in the first quarter valued at approximately $36,000. Finally, Versant Capital Management Inc grew its stake in Domino’s Pizza by 654.5% in the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 72 shares in 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, 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.