Insider Selling: Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Sells 1,077 Shares of Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) CFO Reddy Sandeep sold 1,077 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the completion of the sale, the chief financial officer now owns 8,081 shares in the company, valued at approximately $3,581,499.20. This represents a 11.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Domino’s Pizza Trading Down 2.3 %

Shares of DPZ opened at $428.67 on Friday. The firm has a market cap of $14.70 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The company’s 50-day moving average price is $450.77 and its 200 day moving average price is $437.97. Domino’s Pizza, Inc. has a 12-month low of $396.06 and a 12-month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino’s Pizza’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.48 EPS. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.74 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a yield of 1.62%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.70%.

Wall Street Analyst Weigh In

Several research firms recently commented on DPZ. Stephens restated an “equal weight” rating and set a $440.00 price target on shares of Domino’s Pizza in a research report on Monday, March 3rd. Morgan Stanley cut their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Citigroup increased their price target on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Benchmark restated a “buy” rating and issued a $520.00 price objective on shares of Domino’s Pizza in a research report on Tuesday, February 25th. Finally, Oppenheimer increased 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 equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.41.

Institutional Trading of Domino’s Pizza

Hedge funds have recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC purchased a new stake in Domino’s Pizza during the 4th quarter worth about $25,000. Siemens Fonds Invest GmbH purchased a new position in shares of Domino’s Pizza in the 4th quarter valued at $18,544,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Domino’s Pizza during the 4th quarter worth $14,338,000. ABLE Financial Group LLC raised its stake in Domino’s Pizza by 26.9% during the 4th quarter. ABLE Financial Group LLC now owns 4,500 shares of the restaurant operator’s stock worth $1,889,000 after acquiring an additional 955 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Domino’s Pizza by 1.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock valued at $172,298,000 after acquiring an additional 5,762 shares in the last quarter. Institutional investors and hedge funds own 94.63% 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.