Domino's Pizza (NASDAQ:DPZ) Releases Quarterly Earnings Results

Domino's Pizza (NASDAQ:DPZ - Get Free Report) issued its quarterly earnings results on Monday. The restaurant operator reported $4.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.12 by $0.21, Zacks reports. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $3.58 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis.

Domino's Pizza Stock Performance

Shares of NASDAQ:DPZ traded down $8.98 during midday trading on Thursday, hitting $481.39. The company's stock had a trading volume of 499,131 shares, compared to its average volume of 621,297. The stock's 50 day simple moving average is $463.90 and its 200 day simple moving average is $449.45. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $538.44.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Domino's Pizza's dividend payout ratio is presently 39.91%.

Analysts Set New Price Targets

DPZ has been the subject of a number of recent analyst reports. TD Securities restated a "buy" rating and issued a $490.00 target price on shares of Domino's Pizza in a report on Monday. Oppenheimer lifted their target price on Domino's Pizza from $490.00 to $495.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. BMO Capital Markets upped their price target on Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research note on Tuesday. Robert W. Baird lifted their price objective on Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada increased their target price on shares of Domino's Pizza from $500.00 to $550.00 and gave the stock an "outperform" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and an average target price of $498.50.

Insider Buying and Selling

In other Domino's Pizza news, EVP Kelly E. Garcia sold 2,104 shares of Domino's Pizza stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 8,756 shares in the company, valued at approximately $4,046,848.08. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,996 shares of company stock valued at $3,946,461. Insiders own 0.83% of the company's stock.

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.