Domino’s Pizza (NYSE:DPZ) Posts Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Domino’s Pizza (NYSE:DPZ) posted its quarterly earnings results on Monday. The restaurant operator reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12, Briefing.com reports. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business posted $2.93 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year.

Domino’s Pizza Stock Down 2.4 %

NYSE:DPZ opened at $516.42 on Thursday. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.76 and a beta of 0.83. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75. The firm has a 50 day moving average of $471.46 and a 200 day moving average of $422.01.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.17%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Insiders Place Their Bets

In related news, EVP Cynthia A. Headen sold 745 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, 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 document filed with the SEC, which can be accessed through this link. In other news, EVP Cynthia A. Headen sold 768 shares of Domino’s Pizza stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $395,073.50. Following the sale, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at approximately $2,073,473. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,401 shares of company stock valued at $6,995,948. 0.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DPZ shares. Wedbush reissued an “outperform” rating and set a $520.00 target price on shares of Domino’s Pizza in a research note on Friday, April 26th. Oppenheimer boosted their price target on Domino’s Pizza from $530.00 to $580.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley raised their price target on shares of Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Royal Bank of Canada raised their price target on Domino’s Pizza from $525.00 to $575.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Sanford C. Bernstein upgraded Domino’s Pizza from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $330.00 to $370.00 in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $516.19.

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.