Insider Selling: Domino’s Pizza, Inc. (NYSE:DPZ) Director Sells 6,970 Shares of Stock

Domino’s Pizza, Inc. (NYSE:DPZ) Director Andrew Balson sold 6,970 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $429.38 on Friday. The firm has a market capitalization of $14.98 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The stock’s 50 day moving average price is $421.41 and its 200 day moving average price is $467.79. Domino’s Pizza, Inc. has a one year low of $332.13 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company earned $4.18 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza, Inc. will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Bayesian Capital Management LP raised its position in shares of Domino’s Pizza by 701.3% during the 1st quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock valued at $2,385,000 after acquiring an additional 4,201 shares in the last quarter. Bessemer Group Inc. increased its stake in Domino’s Pizza by 34.9% during the first quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after purchasing an additional 1,280 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock worth $221,003,000 after purchasing an additional 230,090 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Domino’s Pizza by 866.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after buying an additional 44,688 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Domino’s Pizza by 18.7% in the 1st quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock worth $27,518,000 after buying an additional 8,744 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DPZ. Bank of America cut their target price on shares of Domino’s Pizza from $582.00 to $557.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. decreased their price objective on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Jefferies Financial Group lowered their price objective on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Royal Bank of Canada decreased their target price on shares of Domino’s Pizza from $500.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Finally, Wells Fargo & Company lowered their target price on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $489.55.

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.