Insider Selling: Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Sells 399 Shares of Stock

Domino’s Pizza, Inc. (NASDAQ:DPZ) EVP Reddy Sandeep sold 399 shares of Domino’s Pizza stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the completion of the transaction, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. The trade was a 4.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Reddy Sandeep also recently made the following trade(s):

• On Tuesday, March 11th, Reddy Sandeep sold 1,077 shares of Domino’s Pizza stock. The stock was sold at an average price of $443.20, for a total value of $477,326.40.

Domino’s Pizza Stock Down 4.2 %

Shares of Domino’s Pizza stock opened at $444.21 on Monday. The business has a 50-day moving average price of $461.64 and a 200 day moving average price of $443.50. Domino’s Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The firm has a market cap of $15.24 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino’s Pizza (NASDAQ:DPZ) last issued its quarterly earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $4.48 earnings per share. Domino’s Pizza’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Domino’s Pizza, Inc. will post 16.74 earnings per share for the current year.

Domino’s Pizza Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.74 dividend. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 41.70%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DPZ. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 1.4% in the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock valued at $716,681,000 after acquiring an additional 23,681 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Domino’s Pizza by 4.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,154 shares of the restaurant operator’s stock worth $6,089,000 after purchasing an additional 610 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in Domino’s Pizza during the 3rd quarter valued at approximately $1,154,000. HighTower Advisors LLC grew its stake in Domino’s Pizza by 6.8% during the 3rd quarter. HighTower Advisors LLC now owns 12,893 shares of the restaurant operator’s stock worth $5,533,000 after buying an additional 821 shares during the last quarter. Finally, Investment Management Corp of Ontario increased its position in Domino’s Pizza by 35.4% in the third quarter. Investment Management Corp of Ontario now owns 1,147 shares of the restaurant operator’s stock worth $493,000 after buying an additional 300 shares during the period. 94.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Securities reiterated a “buy” rating and set a $490.00 target price on shares of Domino’s Pizza in a report on Monday, March 31st. TD Cowen reiterated a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday, February 24th. Loop Capital cut their target price on shares of Domino’s Pizza from $559.00 to $555.00 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Morgan Stanley decreased their price target on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, Oppenheimer raised their price objective 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $503.41.

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.