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

Domino's Pizza, Inc. (NASDAQ:DPZ - Get Free Report) EVP Reddy Sandeep sold 399 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now owns 8,756 shares of the company's stock, valued at $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 transaction of $477,326.40.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock traded up $25.63 during trading on Wednesday, reaching $456.35. 1,025,839 shares of the stock traded hands, compared to its average volume of 624,663. Domino's Pizza, Inc. has a 52-week low of $396.06 and a 52-week high of $542.75. The business has a fifty day simple moving average of $462.08 and a two-hundred day simple moving average of $444.03. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $4.48 earnings per share. Domino's Pizza's revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts predict that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $1.74 dividend. This is a positive change from Domino's Pizza's previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, March 14th. Domino's Pizza's payout ratio is currently 41.70%.

Institutional Trading of Domino's Pizza

A number of institutional investors have recently made changes to their positions in the business. Berkshire Hathaway Inc raised its position in Domino's Pizza by 86.5% during the fourth quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator's stock worth $999,868,000 after acquiring an additional 1,104,744 shares during the period. Norges Bank acquired a new position in shares of Domino's Pizza during the 4th quarter worth about $250,571,000. GAMMA Investing LLC lifted its stake in Domino's Pizza by 53,740.4% in the 1st quarter. GAMMA Investing LLC now owns 260,049 shares of the restaurant operator's stock valued at $119,480,000 after buying an additional 259,566 shares in the last quarter. Invesco Ltd. boosted its holdings in Domino's Pizza by 46.0% in the 4th quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator's stock worth $255,649,000 after buying an additional 191,752 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Domino's Pizza during the 4th quarter worth approximately $56,647,000. Institutional investors and hedge funds own 94.63% of the company's stock.

Wall Street Analyst Weigh In

DPZ has been the topic of several recent analyst reports. Loop Capital dropped their target price on Domino's Pizza from $559.00 to $555.00 and set a "buy" rating on the stock in a report on Tuesday, February 25th. Barclays upped their price target on shares of Domino's Pizza from $402.00 to $420.00 and gave the company an "underweight" rating in a report on Tuesday, February 25th. Oppenheimer increased their target price on shares of Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Citigroup lifted their price target on shares of Domino's Pizza from $440.00 to $520.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Stephens reiterated an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $503.04.

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.