Domino’s Pizza, Inc. (NYSE:DPZ – Get Free Report) shares traded up 3.6% on Friday following a stronger than expected earnings report. The stock traded as high as $425.17 and last traded at $423.55. 141,803 shares traded hands during trading, a decline of 77% from the average session volume of 610,462 shares. The stock had previously closed at $408.75.
The restaurant operator reported $4.19 earnings per share for the quarter, topping the consensus estimate of $3.65 by $0.54. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $4.18 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year.
Domino’s Pizza Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $1.51 dividend. The ex-dividend date is Friday, December 13th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.41%. Domino’s Pizza’s dividend payout ratio (DPR) is 37.12%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on DPZ
Institutional Trading of Domino’s Pizza
Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in Domino’s Pizza by 25.2% during the 2nd quarter. Signaturefd LLC now owns 129 shares of the restaurant operator’s stock valued at $67,000 after acquiring an additional 26 shares in the last quarter. Czech National Bank raised its stake in Domino’s Pizza by 0.4% during the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after acquiring an additional 27 shares in the last quarter. Summit Trail Advisors LLC raised its stake in Domino’s Pizza by 5.0% during the 2nd quarter. Summit Trail Advisors LLC now owns 568 shares of the restaurant operator’s stock valued at $293,000 after acquiring an additional 27 shares in the last quarter. Insight Folios Inc raised its stake in Domino’s Pizza by 3.4% during the 1st quarter. Insight Folios Inc now owns 847 shares of the restaurant operator’s stock valued at $421,000 after acquiring an additional 28 shares in the last quarter. Finally, Portside Wealth Group LLC raised its stake in Domino’s Pizza by 6.5% during the 2nd quarter. Portside Wealth Group LLC now owns 456 shares of the restaurant operator’s stock valued at $235,000 after acquiring an additional 28 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.
Domino’s Pizza Stock Performance
The firm has a 50 day simple moving average of $421.63 and a two-hundred day simple moving average of $469.47. The stock has a market cap of $15.03 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.23 and a beta of 0.86.
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.
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