Domino’s Pizza, Inc. (NYSE:DPZ – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,720,000 shares, a decrease of 8.0% from the July 15th total of 1,870,000 shares. Based on an average daily volume of 602,000 shares, the short-interest ratio is currently 2.9 days. Approximately 5.0% of the company’s stock are sold short.
Domino’s Pizza Trading Down 1.3 %
Shares of DPZ stock opened at $427.06 on Wednesday. Domino’s Pizza has a 12 month low of $330.05 and a 12 month high of $542.75. The stock has a market cap of $14.90 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. The company’s fifty day moving average price is $469.84 and its 200-day moving average price is $475.82.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last announced its earnings results on Thursday, July 18th. The restaurant operator reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.35. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.08 EPS. On average, sell-side analysts forecast that Domino’s Pizza will post 16.19 earnings per share for the current fiscal year.
Domino’s Pizza Announces Dividend
Hedge Funds Weigh In On Domino’s Pizza
Hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in Domino’s Pizza during the 4th quarter valued at about $866,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Domino’s Pizza by 128.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,513 shares of the restaurant operator’s stock valued at $6,395,000 after acquiring an additional 8,719 shares during the period. Daiwa Securities Group Inc. lifted its stake in Domino’s Pizza by 15.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 9,698 shares of the restaurant operator’s stock valued at $3,998,000 after acquiring an additional 1,325 shares during the period. Federated Hermes Inc. lifted its stake in Domino’s Pizza by 138.0% during the 4th quarter. Federated Hermes Inc. now owns 24,596 shares of the restaurant operator’s stock valued at $10,139,000 after acquiring an additional 14,260 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in Domino’s Pizza during the 4th quarter valued at about $234,000. Institutional investors own 94.63% of the company’s stock.
Analysts Set New Price Targets
DPZ has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $575.00 price objective on shares of Domino’s Pizza in a report on Monday, July 15th. Citigroup lifted their target price on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Wells Fargo & Company lifted their target price on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reduced their target price on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Finally, Oppenheimer restated an “outperform” rating and issued a $580.00 price objective 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 issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $517.39.
Read Our Latest Stock Analysis on DPZ
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.
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