Domino’s pizza EVP Morris Scott sells $2.37m in stock

ANN ARBOR, MI—Kevin Scott Morris, Executive Vice President, General Counsel, and Secretary at Domino’s Pizza Inc. (NYSE:DPZ), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. The transactions come as Domino’s, currently valued at $14.63 billion, has seen its stock decline 9.19% over the past week. On March 13, Morris sold a total of 5,416 shares of Domino’s common stock, with transactions priced at $437 per share, amounting to approximately $2.37 million.

In addition to the sales, Morris exercised options to acquire 4,330 shares at a price of $158.36 per share, totaling around $685,698. Following these transactions, Morris holds 793 shares of Domino’s stock directly.

In other recent news, Domino’s Pizza announced key executive promotions, including Joseph Jordan as the new chief operating officer and president of Domino’s U.S., and Weiking Ng as executive vice president – International. These changes aim to enhance global operations and align with the company’s strategic mindset. Domino’s also introduced its first-ever Parmesan stuffed crust pizza, part of its strategy to innovate and expand product offerings. Analysts from firms like TD Cowen and Stephens have noted the potential impact of this new product and other initiatives on future growth, particularly as Domino’s aims for a 3% increase in U.S. same-store sales by 2025.

UBS analyst Dennis Geiger reaffirmed a Buy rating on Domino’s shares, citing a $540 price target despite mixed fourth-quarter results. Geiger highlighted the company’s strong international performance and promising sales-driving initiatives. Benchmark’s Todd Brooks also maintained a Buy rating with a $520 target, noting that while revenue and same-store sales fell short of expectations, better-than-expected supply chain margins and reduced expenses provided some relief. Domino’s aims for a 5.9% global retail sales growth in the upcoming fiscal year.

Bernstein SocGen Group maintained a Market Perform rating with a $440 target, emphasizing Domino’s ability to gain market share and maintain cost discipline. Analyst Danilo Gargiulo pointed out concerns over lower guidance and challenges in the core delivery business but also noted potential positive impacts from new partnerships and product launches. These developments reflect Domino’s ongoing efforts to navigate current challenges while focusing on growth through innovation and strategic initiatives.

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