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

Domino’s Pizza, Inc. (NYSE:DPZ) 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) 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

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

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.

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.