Domino’s Pizza Inc (NASDAQ:DPZ – Get Free Report) EVP Kelly Garcia sold 487 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $297.01, for a total value of $144,643.87. Following the completion of the transaction, the executive vice president directly owned 9,352 shares in the company, valued at approximately $2,777,637.52. This trade represents a 4.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Domino’s Pizza Price Performance
Shares of NASDAQ:DPZ traded down $1.42 during midday trading on Friday, reaching $299.46. 624,120 shares of the company’s stock were exchanged, compared to its average volume of 930,945. The firm’s 50 day simple moving average is $310.97 and its two-hundred day simple moving average is $363.09. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 1.41 and a beta of 0.97. Domino’s Pizza Inc has a fifty-two week low of $282.00 and a fifty-two week high of $496.00.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last posted its earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a net margin of 11.89% and a negative return on equity of 15.04%. The company had revenue of $1.15 billion during the quarter. During the same quarter in the prior year, the firm earned $4.33 earnings per share. Domino’s Pizza’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts predict that Domino’s Pizza Inc will post 18.99 earnings per share for the current fiscal year.
Domino’s Pizza Announces Dividend
Analyst Ratings Changes
A number of equities analysts recently weighed in on DPZ shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research report on Thursday. Loop Capital cut their target price on Domino’s Pizza from $574.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Benchmark decreased their price target on Domino’s Pizza from $465.00 to $430.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Weiss Ratings lowered Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 29th. Finally, Barclays dropped their price objective on Domino’s Pizza from $370.00 to $315.00 and set an “underweight” rating for the company in a research note on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $405.39.
Get Our Latest Stock Report on DPZ
Institutional Investors Weigh In On Domino’s Pizza
Large investors have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new stake in Domino’s Pizza during the 2nd quarter worth approximately $3,183,000. Investment Management Corp of Ontario grew its stake in shares of Domino’s Pizza by 68.3% in the second quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock worth $718,000 after acquiring an additional 647 shares in the last quarter. Sei Investments Co. increased its position in shares of Domino’s Pizza by 21.7% during the second quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock worth $36,480,000 after acquiring an additional 14,452 shares during the period. Glenview Trust co raised its stake in shares of Domino’s Pizza by 36.9% in the second quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after acquiring an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC raised its stake in shares of Domino’s Pizza by 17.3% in the second quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 195 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.
About Domino’s Pizza
Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.
Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.
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