Kelly E. Garcia Sells 2,104 Shares of Domino’s Pizza, Inc. (NASDAQ:DPZ) Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kelly E. Garcia sold 2,104 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the completion of the transaction, the executive vice president now owns 5,699 shares of the company’s stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $438.71 on Thursday. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75. The business’s fifty day moving average is $450.77 and its 200 day moving average is $437.97. The stock has a market capitalization of $15.05 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last announced its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business earned $4.48 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that Domino’s Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $1.74 per share. This represents a $6.96 annualized dividend and a dividend yield of 1.59%. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s dividend payout ratio is presently 41.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DPZ shares. Citigroup upped their price objective on shares of Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Benchmark restated a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and issued a $490.00 price objective on shares of Domino’s Pizza in a report on Monday, February 24th. Loop Capital dropped their target price on Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating for the company in a report on Tuesday, February 25th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $440.00 price target on shares of Domino’s Pizza in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently made changes to their positions in DPZ. Sherman Asset Management Inc. bought a new position in Domino’s Pizza in the fourth quarter worth approximately $25,000. Wood Tarver Financial Group LLC bought a new position in Domino’s Pizza in the 4th quarter worth $25,000. True Wealth Design LLC lifted its position in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Finally, Covestor Ltd grew its holdings in Domino’s Pizza by 158.1% during the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares during the period. Institutional investors own 94.63% of the company’s stock.

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.