Short Interest in Domino’s Pizza, Inc. (NYSE:DPZ) Rises By 13.3%

Domino’s Pizza, Inc. (NYSE:DPZ) was the recipient of a significant increase in short interest during 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 volume of 624,200 shares, the days-to-cover ratio is presently 3.0 days. Currently, 5.4% of the company’s stock are short sold.

Domino’s Pizza Stock Down 0.1 %

DPZ stock traded down $0.44 on Wednesday, reaching $428.71. 842,770 shares of the company’s stock were exchanged, compared to its average volume of 596,572. The stock has a fifty day moving average of $491.71 and a 200-day moving average of $474.47. The firm has a market cap of $14.99 billion, a PE ratio of 27.98, a P/E/G ratio of 2.25 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 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.35. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. Domino’s Pizza’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.08 earnings per share. On average, equities research analysts predict that Domino’s Pizza will post 16.17 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.41%. Domino’s Pizza’s payout ratio is 39.43%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wedbush restated an “outperform” rating and set a $575.00 target price on shares of Domino’s Pizza in a research note on Monday, July 15th. Citigroup boosted their target price on Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Morgan Stanley boosted their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Stifel Nicolaus lifted their price target on Domino’s Pizza from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $580.00 price target on shares of Domino’s Pizza in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus target price of $517.39.

Institutional Trading of Domino’s Pizza

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares in the last quarter. Coatue Management LLC purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at $322,859,000. TD Asset Management Inc lifted its position in shares of Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after acquiring an additional 138,224 shares in the last quarter. Norges Bank purchased a new stake in shares of Domino’s Pizza in the fourth quarter valued at $208,604,000. Finally, International Assets Investment Management LLC lifted its position in shares of Domino’s Pizza by 39,287.9% in the fourth 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. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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.