Domino’s Pizza, Inc. (NYSE:DPZ) CEO Russell J. Weiner Sells 11,780 Shares

Domino’s Pizza, Inc. (NYSE:DPZ) CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares in the company, valued at approximately $16,844,366.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Domino’s Pizza Stock Performance

Shares of NYSE:DPZ opened at $516.42 on Thursday. The stock has a market capitalization of $17.99 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.75 and a beta of 0.86. Domino’s Pizza, Inc. has a 1-year low of $285.84 and a 1-year high of $542.75. The company has a 50 day moving average price of $471.46 and a 200 day moving average price of $422.01.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.12. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the firm posted $2.93 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza, Inc. will post 15.73 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on DPZ. Evercore ISI raised their price target on shares of Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Jefferies Financial Group raised their price target on shares of Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Domino’s Pizza from $555.00 to $580.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein upgraded shares of Domino’s Pizza from an “underperform” rating to a “market perform” rating and raised their price target for the company from $330.00 to $370.00 in a research note on Tuesday, January 9th. Finally, Benchmark raised their price target on shares of Domino’s Pizza from $510.00 to $575.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $516.19.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Domino’s Pizza in the 4th quarter worth approximately $25,000. Creative Financial Designs Inc. ADV boosted its stake in 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 period. Harvest Fund Management Co. Ltd acquired a new position in Domino’s Pizza in the 3rd quarter worth approximately $39,000. Quadrant Capital Group LLC boosted its stake in 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 period. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Domino’s Pizza during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.