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Domino’s Pizza Inc. (NYSE:DPZ) Chief Financial Officer Sandeep Reddy recently sold shares worth approximately $477,326, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the stock, currently trading at $438.71 with a market capitalization of $15.09 billion, has experienced a 7.87% decline over the past week. According to InvestingPro analysis, the company’s shares are currently trading above their Fair Value, with a P/E ratio of 25.99. The transactions, executed on March 11, involved the sale of 1,077 shares at a price of $443.20 each. These sales were conducted under a pre-arranged Rule 10b5-1 trading plan, which was adopted by Reddy on December 10, 2024.
In addition to the sales, Reddy also disposed of shares through several transactions on March 10 and March 11, totaling $363,808. The shares were sold at prices ranging from $430.56 to $440.03. Following these transactions, Reddy holds 8,081 shares of Domino’s Pizza.
In other recent news, Domino’s Pizza reported mixed fourth-quarter earnings results, with revenue slightly below expectations at $1.44 billion, compared to the anticipated $1.48 billion. The company’s same-store sales in the U.S. grew by only 0.4%, falling short of the 1.1% forecast. Despite these results, Domino’s achieved an adjusted earnings per share of $4.89, narrowly missing the consensus estimate of $4.91. UBS analyst Dennis Geiger maintained a Buy rating with a $540 price target, emphasizing Domino’s international performance and upcoming U.S. sales initiatives. Benchmark analyst Todd Brooks also reaffirmed a Buy rating with a $520 target, highlighting better-than-expected supply chain margins and reduced administrative expenses. Meanwhile, Bernstein SocGen Group maintained a Market Perform rating with a $440 target, noting Domino’s market share gains and cost discipline. Domino’s also announced executive promotions, including Joseph Jordan as the new COO and president of Domino’s U.S., and Weiking Ng as executive vice president – International. Additionally, the company introduced a Parmesan stuffed crust pizza, part of its strategy to innovate and expand product offerings.
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