Domino’s Pizza, Inc. (NYSE:DPZ) Short Interest Update

Domino’s Pizza, Inc. (NYSE:DPZ) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 1,700,000 shares, a drop of 7.6% from the September 30th total of 1,840,000 shares. Currently, 5.0% of the company’s stock are short sold. Based on an average daily volume of 653,900 shares, the days-to-cover ratio is presently 2.6 days.

Insider Activity at Domino’s Pizza

In other Domino’s Pizza news, Director Andrew Balson sold 6,970 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $428.27, for a total value of $2,985,041.90. Following the transaction, the director now directly owns 15,390 shares of the company’s stock, valued at approximately $6,591,075.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds have recently bought and sold shares of the stock. Bayesian Capital Management LP lifted its stake in Domino’s Pizza by 701.3% in the first quarter. Bayesian Capital Management LP now owns 4,800 shares of the restaurant operator’s stock worth $2,385,000 after purchasing an additional 4,201 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Domino’s Pizza by 34.9% in the 1st quarter. Bessemer Group Inc. now owns 4,950 shares of the restaurant operator’s stock worth $2,460,000 after buying an additional 1,280 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Domino’s Pizza by 107.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 444,780 shares of the restaurant operator’s stock valued at $221,003,000 after purchasing an additional 230,090 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Domino’s Pizza by 866.4% during the second quarter. Assenagon Asset Management S.A. now owns 49,846 shares of the restaurant operator’s stock valued at $25,737,000 after buying an additional 44,688 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Domino’s Pizza by 18.7% in the 1st quarter. Russell Investments Group Ltd. now owns 55,438 shares of the restaurant operator’s stock worth $27,518,000 after purchasing an additional 8,744 shares during the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DPZ shares. Baird R W raised Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 8th. Jefferies Financial Group lowered their target price on shares of Domino’s Pizza from $455.00 to $450.00 and set a “hold” rating for the company in a report on Friday, October 11th. Wells Fargo & Company cut their price target on shares of Domino’s Pizza from $450.00 to $420.00 and set an “equal weight” rating on the stock in a report on Friday, October 11th. Evercore ISI decreased their price objective on shares of Domino’s Pizza from $500.00 to $480.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Finally, Benchmark restated a “buy” rating and issued a $520.00 target price on shares of Domino’s Pizza in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $489.55.

Domino’s Pizza Price Performance

NYSE:DPZ traded up $3.73 during trading hours on Thursday, hitting $413.75. The stock had a trading volume of 610,675 shares, compared to its average volume of 608,428. The company has a 50 day simple moving average of $418.13 and a two-hundred day simple moving average of $462.32. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 2.23 and a beta of 0.86. Domino’s Pizza has a one year low of $332.13 and a one year high of $542.75.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.54. The company had revenue of $1.08 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 firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $4.18 earnings per share. Equities research analysts anticipate that Domino’s Pizza will post 16.24 earnings per share for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio (DPR) is 37.10%.

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.