Domino’s Pizza (NYSE:DPZ) Posts Earnings Results, Beats Expectations By $0.12 EPS

Domino’s Pizza (NYSE:DPZ) announced its quarterly earnings results on Monday. The restaurant operator reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12, Briefing.com reports. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $2.93 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis.

Domino’s Pizza Price Performance

Shares of NYSE DPZ traded up $13.74 during mid-day trading on Tuesday, reaching $540.87. The company’s stock had a trading volume of 260,193 shares, compared to its average volume of 581,241. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.27. The stock has a fifty day moving average of $469.22 and a two-hundred day moving average of $420.72. The firm has a market capitalization of $18.84 billion, a PE ratio of 36.45, a P/E/G ratio of 2.61 and a beta of 0.86.

Domino’s Pizza Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.12%. Domino’s Pizza’s payout ratio is 41.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DPZ shares. Citigroup raised their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. Barclays raised their price target on Domino’s Pizza from $405.00 to $470.00 and gave the stock an “underweight” rating in a research note on Tuesday. Evercore ISI lifted their price objective on Domino’s Pizza from $510.00 to $560.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Stephens reissued an “equal weight” rating and issued a $479.00 target price on shares of Domino’s Pizza in a report on Monday. Finally, Morgan Stanley raised their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $483.00.

Insider Activity at Domino’s Pizza

In other news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $1,935,762.80. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

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.