Domino's Pizza (NASDAQ:DPZ) Shares Gap Down - Here's Why

Domino's Pizza, Inc. (NASDAQ:DPZ - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $487.58, but opened at $477.02. Domino's Pizza shares last traded at $486.77, with a volume of 234,266 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Bank of America boosted their price objective on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research report on Tuesday. 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 report on Tuesday, January 7th. Barclays cut their target price on Domino's Pizza from $425.00 to $420.00 and set an "underweight" rating for the company in a research report on Wednesday. Robert W. Baird boosted their target price on Domino's Pizza from $500.00 to $535.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, Guggenheim upped their price target on shares of Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $498.50.

Domino's Pizza Trading Down 0.5 %

The company's 50 day moving average price is $463.90 and its two-hundred day moving average price is $449.45. The firm has a market cap of $16.74 billion, a PE ratio of 30.09, a PEG ratio of 2.47 and a beta of 1.15.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Monday, April 28th. The restaurant operator reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $0.21. The firm 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 company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.58 EPS. Equities research analysts expect that Domino's Pizza, Inc. will post 16.74 earnings per share for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.43%. Domino's Pizza's payout ratio is 39.91%.

Insider Activity at Domino's Pizza

In other news, EVP Kelly E. Garcia sold 2,104 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 5,699 shares in the company, valued at approximately $2,486,359.72. This trade represents a 26.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Reddy Sandeep sold 399 shares of Domino's Pizza stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $462.18, for a total transaction of $184,409.82. Following the sale, the executive vice president now directly owns 8,756 shares of the company's stock, valued at approximately $4,046,848.08. This trade represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,996 shares of company stock valued at $3,946,461 in the last ninety days. Company insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On Domino's Pizza

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Domino's Pizza by 1.4% during the third quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator's stock valued at $716,681,000 after acquiring an additional 23,681 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Domino's Pizza by 11.5% in the third quarter. SkyView Investment Advisors LLC now owns 2,853 shares of the restaurant operator's stock worth $1,227,000 after buying an additional 295 shares during the period. Tidal Investments LLC lifted its position in shares of Domino's Pizza by 737.1% during the third quarter. Tidal Investments LLC now owns 57,441 shares of the restaurant operator's stock worth $24,708,000 after purchasing an additional 50,579 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Domino's Pizza by 42.8% during the third quarter. Franklin Resources Inc. now owns 27,031 shares of the restaurant operator's stock valued at $11,571,000 after acquiring an additional 8,103 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Domino's Pizza during the third quarter worth approximately $1,649,000. Hedge funds and other institutional investors 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.