Kevin Scott Morris Sells 2,646 Shares of Domino’s Pizza, Inc. (NYSE:DPZ) Stock

Domino’s Pizza, Inc. (NYSE:DPZ) EVP Kevin Scott Morris sold 2,646 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This represents a 57.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Domino’s Pizza Trading Down 1.2 %

Shares of NYSE DPZ opened at $439.60 on Wednesday. The stock has a market cap of $15.18 billion, a PE ratio of 27.00, a P/E/G ratio of 2.31 and a beta of 0.86. Domino’s Pizza, Inc. has a 12-month low of $367.24 and a 12-month high of $542.75. The company has a 50-day moving average of $424.56 and a 200 day moving average of $456.62.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the business earned $4.18 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Domino’s Pizza, Inc. will post 16.86 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date is Friday, December 13th. This represents a $6.04 annualized dividend and a dividend yield of 1.37%. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bayesian Capital Management LP raised its stake in Domino’s Pizza by 701.3% during the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after purchasing an additional 4,201 shares during the period. Bessemer Group Inc. raised its position in shares of Domino’s Pizza by 34.9% during the 1st quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock valued at $2,460,000 after buying an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Domino’s Pizza by 107.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Domino’s Pizza by 866.4% in the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock worth $25,737,000 after acquiring an additional 44,688 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Domino’s Pizza by 130.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,387 shares of the restaurant operator’s stock worth $1,232,000 after acquiring an additional 1,350 shares during the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Wedbush reiterated an “outperform” rating and issued a $470.00 price objective on shares of Domino’s Pizza in a research note on Friday, October 11th. TD Cowen restated a “buy” rating and set a $475.00 target price on shares of Domino’s Pizza in a research report on Friday, October 11th. Wells Fargo & Company cut their price target on Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. Finally, Barclays decreased their price objective on Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $494.38.

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.