Domino’s Pizza, Inc. (NYSE:DPZ) EVP Sells $1,214,514.00 in Stock

Domino’s Pizza, Inc. (NYSE:DPZ) EVP Kevin Scott Morris sold 2,646 shares of Domino’s Pizza stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at approximately $902,394. This represents a 57.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Domino’s Pizza Stock Down 1.2 %

DPZ stock traded down $5.30 during midday trading on Tuesday, reaching $439.60. The stock had a trading volume of 480,233 shares, compared to its average volume of 611,232. The firm has a market cap of $15.18 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 2.31 and a beta of 0.86. Domino’s Pizza, Inc. has a twelve month low of $367.24 and a twelve month high of $542.75. The business has a fifty day simple moving average of $424.10 and a two-hundred day simple moving average of $457.14.

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

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.10%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DPZ shares. JPMorgan Chase & Co. dropped their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Oppenheimer restated an “outperform” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $470.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Finally, Piper Sandler reduced their price target 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $494.38.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently made changes to their positions in the stock. Soltis Investment Advisors LLC acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth about $241,000. Toronto Dominion Bank grew its position in shares of Domino’s Pizza by 16.6% during the 3rd quarter. Toronto Dominion Bank now owns 15,178 shares of the restaurant operator’s stock worth $6,529,000 after buying an additional 2,161 shares during the period. Empire Financial Management Company LLC acquired a new position in shares of Domino’s Pizza during the 3rd quarter worth about $985,000. Nomura Asset Management Co. Ltd. grew its position in shares of Domino’s Pizza by 5.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,089 shares of the restaurant operator’s stock worth $6,921,000 after buying an additional 901 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Domino’s Pizza by 3.5% during the 3rd quarter. MML Investors Services LLC now owns 4,014 shares of the restaurant operator’s stock worth $1,727,000 after buying an additional 137 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

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.