Domino's Pizza (NASDAQ:DPZ) Stock Crosses Above 200-Day Moving Average After Insider Selling

Key Points

• Domino’s shares rose 2.5% and moved above their 200-day moving average, closing at $341.72 versus the $339.72 average. EVP Katherine Trumbull sold 370 shares for about $122,000, a 6.01% reduction in her holdings.
• Analysts’ overall rating was “Moderate Buy,” with a consensus price target of $383.45; views ranged from Buy to Hold, with one Sell rating.
• Domino’s reported quarterly EPS of $4.60, above the $4.33 estimate, while revenue grew 3.4% year over year to $1.19 billion. The company also announced a quarterly dividend of $1.99 per share.

Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday following insider buying activity. The stock has a two hundred day moving average of $339.72 and traded as high as $346.88. Domino's Pizza shares last traded at $341.72, with a volume of 750,061 shares traded.

Wall Street Analyst Weigh In

DPZ has been the subject of several research analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Domino's Pizza in a research note on Wednesday, August 26th. Loop Capital cut shares of Domino's Pizza from a "buy" rating to a "hold" rating and set a $353.00 price objective on the stock. in a research report on Monday, August 10th. Benchmark restated a "buy" rating on shares of Domino's Pizza in a research note on Tuesday, July 21st. Morgan Stanley decreased their target price on Domino's Pizza from $357.00 to $345.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 14th. Finally, Gordon Haskett lowered Domino's Pizza from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $383.45.

Domino's Pizza News Roundup

Investors following DPZ have been watching these news items:

• Positive Sentiment: Baird upgraded DPZ from “neutral” to “outperform” and raised its price target to $400 from $320, citing an improving sales outlook. The target implies potential upside from the recent share price. Article: Domino’s Pizza shares rise after Baird upgrades stock on improving sales outlook
• Neutral Sentiment: Strong order growth is being offset by weaker average ticket growth, leaving the outlook dependent on whether customer traffic can continue to compensate for lower spending per order. Article: Domino's Strong Order Trends vs. Weak Ticket Growth: What Lies Ahead?
• Neutral Sentiment: EVP Katherine Trumbull sold 370 shares for about $122,000, reducing her stake by 6.01%; she still held 5,785 shares after the transaction. The sale was modest in scale. Article: Domino's Pizza Stock: Insider Katherine Trumbull Sells 370 Shares

Domino's Pizza Stock Up 2.5%

The stock has a market capitalization of $11.24 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.54 and a beta of 0.95. The business's 50 day simple moving average is $312.12 and its two-hundred day simple moving average is $339.72.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, topping the consensus estimate of $4.33 by $0.27. Domino's Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The company had revenue of $1.19 billion during the quarter. During the same period in the previous year, the firm earned $4.08 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. Analysts predict that Domino's Pizza Inc will post 19.10 earnings per share for the current year.

Domino's Pizza Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $1.99 per share. This represents a $7.96 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 15th. Domino's Pizza's payout ratio is currently 43.86%.

Institutional Trading of Domino's Pizza

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Soroban Capital Partners LP purchased a new position in Domino's Pizza during the first quarter valued at approximately $895,251,000. BlackRock Inc. purchased a new stake in Domino's Pizza in the 2nd quarter worth approximately $715,704,000. Arrowstreet Capital Limited Partnership lifted its stake in Domino's Pizza by 247.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock worth $189,171,000 after purchasing an additional 375,709 shares in the last quarter. Royal Bank of Canada lifted its stake in Domino's Pizza by 5.2% in the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator's stock worth $160,817,000 after purchasing an additional 22,320 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Domino's Pizza by 937,192.2% in the 2nd quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator's stock valued at $141,513,000 after purchasing an additional 477,968 shares during the period. 94.63% of the stock is owned by institutional investors.

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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