Domino’s Pizza, Inc. (NYSE:DPZ) Plans $1.51 Quarterly Dividend

Domino’s Pizza, Inc. (NYSE:DPZ) announced a quarterly dividend on Tuesday, October 8th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 1.51 per share by the restaurant operator on Friday, December 27th. This represents a $6.04 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, December 13th.

Domino’s Pizza has raised its dividend payment by an average of 15.8% annually over the last three years and has increased its dividend every year for the last 12 years. Domino’s Pizza has a payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Domino’s Pizza to earn $17.63 per share next year, which means the company should continue to be able to cover its $6.04 annual dividend with an expected future payout ratio of 34.3%.

Domino’s Pizza Price Performance

NYSE DPZ traded up $9.19 on Wednesday, hitting $463.35. 70,445 shares of the company’s stock were exchanged, compared to its average volume of 602,657. Domino’s Pizza has a fifty-two week low of $393.00 and a fifty-two week high of $542.75. The firm has a market cap of $16.00 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.48 and a beta of 0.88. The firm’s 50-day moving average price is $437.85 and its two-hundred day moving average price is $451.19.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $4.18 EPS. Domino’s Pizza’s revenue was up 5.1% on a year-over-year basis. On average, research analysts predict that Domino’s Pizza will post 16.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Domino’s Pizza

In other news, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. The trade was a 31.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $459.00, for a total transaction of $1,214,514.00. Following the sale, the executive vice president now owns 1,966 shares of the company’s stock, valued at $902,394. This trade represents a 57.37 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

DPZ has been the subject of several research analyst reports. Evercore ISI dropped their price target on Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. TD Cowen lifted their target price on Domino’s Pizza from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group dropped their target price on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the stock from $419.00 to $559.00 in a research report on Friday, November 8th. Finally, Robert W. Baird decreased their target price on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating for the company in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $495.76.

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.