Domino’s Pizza, Inc. (NYSE:DPZ) to Issue Quarterly Dividend of $1.51

Domino’s Pizza, Inc. (NYSE:DPZ) announced a quarterly dividend on Tuesday, October 8th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 1.51 per share by the restaurant operator on Friday, December 27th. This represents a $6.04 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Friday, December 13th.

Domino’s Pizza has increased its dividend by an average of 15.8% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Domino’s Pizza has a dividend payout ratio of 34.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Domino’s Pizza to earn $17.63 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 34.3%.

Domino’s Pizza Stock Performance

Shares of DPZ stock traded up $9.27 on Wednesday, hitting $463.43. The stock had a trading volume of 130,565 shares, compared to its average volume of 602,877. The stock’s 50 day moving average is $437.85 and its 200-day moving average is $451.19. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.48 and a beta of 0.88. Domino’s Pizza has a 52-week low of $393.00 and a 52-week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business posted $4.18 earnings per share. Domino’s Pizza’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts expect that Domino’s Pizza will post 16.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DPZ shares. Benchmark reissued a “buy” rating and set a $520.00 price target on shares of Domino’s Pizza in a research report on Friday, October 11th. Morgan Stanley decreased their price objective on shares of Domino’s Pizza from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Friday, October 11th. 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. Evercore ISI decreased their price target on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Finally, TD Cowen upped their price objective on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $495.76.

Insider Transactions at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the completion of the sale, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This represents a 31.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

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.