Domino's Pizza (NASDAQ:DPZ) EVP Katherine Trumbull Sells 370 Shares of Stock

Key Points

• Domino’s EVP Katherine Trumbull sold 370 shares for $122,063 at an average price of $329.90, reducing her direct stake by 6.01% to 5,785 shares.
• Domino’s reported quarterly EPS of $4.60, beating estimates of $4.33; revenue reached $1.19 billion, up 3.4% year over year.
• The company declared a quarterly dividend of $1.99 per share, equivalent to $7.96 annually and a 2.4% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $380.87.

Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) EVP Katherine Trumbull sold 370 shares of the firm's stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $329.90, for a total value of $122,063.00. Following the completion of the sale, the executive vice president directly owned 5,785 shares of the company's stock, valued at $1,908,471.50. This trade represents a 6.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded up $4.63 during midday trading on Thursday, hitting $333.23. 454,046 shares of the stock traded hands, compared to its average volume of 897,630. Domino's Pizza Inc has a one year low of $282.00 and a one year high of $442.35. The business has a 50 day moving average price of $312.49 and a two-hundred day moving average price of $340.49. The company has a market cap of $10.96 billion, a PE ratio of 18.36, a P/E/G ratio of 1.52 and a beta of 0.95.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.33 by $0.27. The company had revenue of $1.19 billion for the quarter. Domino's Pizza had a negative return on equity of 15.48% and a net margin of 12.03%. Domino's Pizza's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.08 earnings per share. As a group, equities research analysts forecast that Domino's Pizza Inc will post 19.10 EPS for the current fiscal year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be paid a $1.99 dividend. This represents a $7.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino's Pizza's dividend payout ratio (DPR) is 43.86%.

Hedge Funds Weigh In On Domino's Pizza

A number of hedge funds and other institutional investors have recently modified their holdings of DPZ. Pinnacle Bancorp Inc. raised its position in Domino's Pizza by 121.6% in the third quarter. Pinnacle Bancorp Inc. now owns 82 shares of the restaurant operator's stock worth $25,000 after acquiring an additional 45 shares during the period. Balance Wealth Partners LLC bought a new stake in Domino's Pizza during the 3rd quarter worth approximately $27,000. Rakuten Securities Inc. purchased a new stake in Domino's Pizza in the 2nd quarter worth approximately $28,000. Investors Research Corp lifted its stake in Domino's Pizza by 9,900.0% in the 2nd quarter. Investors Research Corp now owns 100 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 99 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Domino's Pizza by 450.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 99 shares of the restaurant operator's stock valued at $33,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 94.63% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group reissued a "buy" rating on shares of Domino's Pizza in a research report on Monday, October 5th. Oppenheimer dropped their price target on shares of Domino's Pizza from $465.00 to $415.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Guggenheim decreased their price objective on Domino's Pizza from $440.00 to $325.00 and set a "neutral" rating for the company in a report on Wednesday, September 23rd. TD Cowen reissued a "hold" rating and issued a $320.00 price objective on shares of Domino's Pizza in a research note on Tuesday, October 13th. Finally, Royal Bank Of Canada dropped their target price on Domino's Pizza from $325.00 to $320.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Domino's Pizza has an average rating of "Moderate Buy" and a consensus target price of $380.87.

Domino's Pizza Company Profile

Domino's Pizza, Inc. is a global pizza company that operates and franchises restaurants specializing in delivery and carryout. Its menu includes pizzas, chicken wings, sandwiches, pasta, bread sides, desserts and beverages, with offerings varying by location. The company traces its roots to a pizza shop opened in Ypsilanti, Michigan, in 1960. It adopted the Domino's Pizza name in 1965 and has since grown through a predominantly franchised business model, serving customers in the United States and international markets.

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