Insider Selling: Domino’s Pizza, Inc. (NYSE:DPZ) EVP Sells $395,073.50 in Stock

Domino’s Pizza, Inc. (NYSE:DPZ) EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the completion of the sale, the executive vice president now owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Domino’s Pizza Trading Up 0.3 %

Shares of DPZ opened at $514.33 on Friday. The firm has a market cap of $17.94 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.58 and a beta of 0.83. The stock has a 50 day moving average of $475.07 and a 200-day moving average of $423.29. Domino’s Pizza, Inc. has a 52 week low of $285.84 and a 52 week high of $542.75.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, topping the consensus estimate of $3.46 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.93 EPS. On average, sell-side analysts predict that Domino’s Pizza, Inc. will post 16 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, June 14th. Domino’s Pizza’s dividend payout ratio (DPR) is 39.43%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DPZ. Evercore ISI lifted their price target on Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Morgan Stanley lifted their price target on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Wells Fargo & Company lifted their price target on Domino’s Pizza from $475.00 to $525.00 and gave the company an “equal weight” rating in a report on Tuesday. TD Cowen reaffirmed a “buy” rating and issued a $550.00 price objective on shares of Domino’s Pizza in a research note on Monday, April 29th. Finally, Piper Sandler increased their target price on shares of Domino’s Pizza from $400.00 to $435.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average target price of $516.19.

Institutional Trading of Domino’s Pizza

Hedge funds have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Domino’s Pizza in the 4th quarter worth approximately $25,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth approximately $39,000. Quadrant Capital Group LLC lifted its holdings in shares of Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in shares of Domino’s Pizza in the 3rd quarter worth approximately $49,000. Institutional investors 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.