Domino’s Pizza, Inc. (NYSE:DPZ) Sees Large Increase in Short Interest

Domino’s Pizza, Inc. (NYSE:DPZ) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,870,000 shares, an increase of 13.3% from the June 30th total of 1,650,000 shares. Based on an average daily trading volume, of 624,200 shares, the short-interest ratio is presently 3.0 days. Approximately 5.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently modified their holdings of DPZ. Coatue Management LLC bought a new stake in Domino’s Pizza in the 4th quarter valued at approximately $322,859,000. Norges Bank bought a new stake in Domino’s Pizza in the 4th quarter valued at approximately $208,604,000. International Assets Investment Management LLC lifted its stake in Domino’s Pizza by 39,287.9% in the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after acquiring an additional 498,170 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Domino’s Pizza by 107.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after acquiring an additional 230,090 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Domino’s Pizza by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock valued at $2,036,544,000 after acquiring an additional 222,949 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Stock Up 2.6 %

DPZ stock traded up $10.68 during midday trading on Monday, reaching $428.13. The stock had a trading volume of 759,364 shares, compared to its average volume of 595,364. The business has a fifty day simple moving average of $496.84 and a two-hundred day simple moving average of $474.55. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 27.52, a PEG ratio of 2.19 and a beta of 0.87. Domino’s Pizza has a twelve month low of $330.05 and a twelve month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $3.08 EPS. On average, equities analysts predict that Domino’s Pizza will post 16.17 earnings per share for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DPZ. Morgan Stanley lifted their price objective on Domino’s Pizza from $485.00 to $515.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Citigroup increased their price target on Domino’s Pizza from $505.00 to $530.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Oppenheimer reiterated an “outperform” rating and set a $580.00 price target on shares of Domino’s Pizza in a report on Friday, July 12th. Stephens lowered their price target on Domino’s Pizza from $493.00 to $430.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Benchmark lowered their price target on Domino’s Pizza from $575.00 to $520.00 and set a “buy” rating on the stock in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $517.39.

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.