Domino’s Pizza (NYSE:DPZ) Issues Earnings Results

Domino’s Pizza (NYSE:DPZ) posted its earnings results on Thursday. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35, Briefing.com reports. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $3.08 earnings per share.

Domino’s Pizza Trading Down 1.2 %

Shares of DPZ opened at $404.17 on Friday. The business’s 50-day moving average price is $506.02 and its 200 day moving average price is $473.48. The stock has a market capitalization of $14.10 billion, a P/E ratio of 26.38, a P/E/G ratio of 1.99 and a beta of 0.87. Domino’s Pizza has a 1-year low of $330.05 and a 1-year high of $542.75.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.49%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Insider Buying and Selling

In related news, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $526.37, for a total value of $6,200,638.60. Following the transaction, the chief executive officer now owns 32,001 shares of the company’s stock, valued at approximately $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $2,073,473. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Russell J. Weiner sold 11,780 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the sale, the chief executive officer now owns 32,001 shares of the company’s stock, valued at $16,844,366.37. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DPZ shares. TD Cowen reiterated a “buy” rating and issued a $610.00 target price on shares of Domino’s Pizza in a research note on Thursday. Evercore ISI raised their target price on Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Jefferies Financial Group raised their target price on Domino’s Pizza from $455.00 to $480.00 and gave the company a “hold” rating in a research note on Tuesday, April 16th. Stifel Nicolaus lifted their price objective on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Finally, Loop Capital cut their price objective on shares of Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and an average target price of $524.89.

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.