Domino’s Pizza (NYSE:DPZ) Sees Large Volume Increase After Strong Earnings

Domino’s Pizza, Inc. (NYSE:DPZ) shares saw unusually-strong trading volume on Thursday following a stronger than expected earnings report. Approximately 437,889 shares traded hands during trading, a decline of 27% from the previous session’s volume of 603,286 shares.The stock last traded at $406.09 and had previously closed at $413.20.

The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.18 EPS.

Domino’s Pizza Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend 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 is currently 37.12%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DPZ shares. TD Cowen reiterated a “buy” rating and set a $475.00 price target on shares of Domino’s Pizza in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Friday. Stephens decreased their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating for the company in a research note on Friday. Robert W. Baird decreased their price objective on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a report on Thursday, September 12th. Finally, Jefferies Financial Group cut their price objective on Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $489.55.

Institutional Trading of Domino’s Pizza

Several large investors have recently made changes to their positions in the business. ORG Wealth Partners LLC bought a new position in Domino’s Pizza in the 3rd quarter worth approximately $93,000. Procyon Advisors LLC increased its stake in shares of Domino’s Pizza by 104.7% in the 3rd quarter. Procyon Advisors LLC now owns 4,076 shares of the restaurant operator’s stock valued at $1,925,000 after buying an additional 2,085 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Domino’s Pizza by 7,821.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,505 shares of the restaurant operator’s stock worth $647,000 after acquiring an additional 1,486 shares during the last quarter. Annex Advisory Services LLC acquired a new position in shares of Domino’s Pizza during the third quarter valued at $10,515,000. Finally, Gateway Investment Advisers LLC boosted its holdings in Domino’s Pizza by 8.6% in the third quarter. Gateway Investment Advisers LLC now owns 897 shares of the restaurant operator’s stock valued at $386,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Price Performance

The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.86. The stock has a 50-day moving average of $421.63 and a 200 day moving average of $469.57.

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.