Domino's Pizza, Inc. (NASDAQ:DPZ) Declares Quarterly Dividend of $1.74

Domino's Pizza, Inc. (NASDAQ:DPZ - Get Free Report) announced a quarterly dividend on Tuesday, April 29th, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 1.74 per share by the restaurant operator on Monday, June 30th. This represents a $6.96 annualized dividend and a yield of 1.41%. The ex-dividend date is Friday, June 13th.

Domino's Pizza has increased its dividend by an average of 17.1% annually over the last three years and has raised its dividend annually for the last 12 consecutive years.

Domino's Pizza Price Performance

NASDAQ DPZ traded up $2.79 during mid-day trading on Tuesday, reaching $493.43. 650,054 shares of the stock were exchanged, compared to its average volume of 629,968. The stock has a 50 day simple moving average of $462.91 and a 200-day simple moving average of $448.85. Domino's Pizza has a one year low of $396.06 and a one year high of $542.75. The stock has a market cap of $16.92 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.21. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.58 earnings per share. Sell-side analysts anticipate that Domino's Pizza will post 16.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays raised their target price on Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a research note on Tuesday, April 22nd. TD Cowen reiterated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Monday, February 24th. Oppenheimer boosted their price target 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. Royal Bank of Canada raised their price objective on shares of Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, TD Securities restated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and a consensus price target of $502.08.

Insiders Place Their Bets

In related news, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $437.00, for a total value of $2,366,792.00. Following the completion of the transaction, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. The trade was a 87.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Reddy Sandeep sold 399 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 over the last ninety days. 0.83% of the stock is currently owned by insiders.

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.

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