Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kevin Scott Morris Sells 5,416 Shares

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Kevin Scott Morris sold 5,416 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the sale, the executive vice president now owns 793 shares of the company’s stock, valued at approximately $346,541. This trade represents a 87.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Domino’s Pizza Price Performance

DPZ opened at $425.58 on Monday. The company’s 50-day moving average is $450.39 and its 200 day moving average is $438.21. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a market capitalization of $14.60 billion, a P/E ratio of 26.14, a PEG ratio of 2.47 and a beta of 1.06.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share 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 firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $4.48 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, March 14th. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Institutional Trading of Domino’s Pizza

A number of large investors have recently added to or reduced their stakes in DPZ. Berkshire Hathaway Inc purchased a new stake in Domino’s Pizza during the third quarter worth about $549,399,000. Norges Bank purchased a new stake in Domino’s Pizza during the fourth quarter worth about $250,571,000. FMR LLC increased its holdings in Domino’s Pizza by 16.3% during the third quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after buying an additional 307,528 shares during the last quarter. Champlain Investment Partners LLC purchased a new stake in Domino’s Pizza during the third quarter worth about $99,352,000. Finally, Invesco Ltd. increased its holdings in Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock worth $255,649,000 after buying an additional 191,752 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Domino’s Pizza from $402.00 to $420.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 25th. BMO Capital Markets increased their price objective on shares of Domino’s Pizza from $500.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. TD Cowen reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research report on Monday, February 24th. Robert W. Baird cut their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average 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.