Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Reddy Sandeep Sells 399 Shares

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the completion of the transaction, the executive vice president now directly owns 8,756 shares of the company’s stock, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Reddy Sandeep also recently made the following trade(s):

• On Tuesday, March 11th, Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock. The shares were sold at an average price of $443.20, for a total value of $477,326.40.

Domino’s Pizza Stock Performance

Shares of NASDAQ:DPZ opened at $444.21 on Friday. The company has a market capitalization of $15.24 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.15. The stock has a fifty day moving average of $461.64 and a 200-day moving average of $443.04. Domino’s Pizza, Inc. has a one year low of $396.06 and a one year high of $542.75.

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

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently made changes to their positions in DPZ. Sherman Asset Management Inc. purchased a new position in Domino’s Pizza during the 4th quarter worth approximately $25,000. Wood Tarver Financial Group LLC purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at $25,000. Brown Brothers Harriman & Co. raised its position 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 buying an additional 61 shares during the period. Covestor Ltd lifted its stake in Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Domino’s Pizza by 40.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Robert W. Baird reduced their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Barclays raised their price target on shares of Domino’s Pizza from $402.00 to $420.00 and gave the company an “underweight” rating in a research note on Tuesday, February 25th. BMO Capital Markets boosted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Finally, Oppenheimer raised their target price on Domino’s Pizza from $490.00 to $495.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.41.

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.