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

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DPZ shares. TD Cowen restated a “buy” rating and issued a $475.00 price target on shares of Domino’s Pizza in a research note on Friday, October 11th. Citigroup cut their price target on Domino’s Pizza from $450.00 to $440.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Baird R W raised shares of Domino’s Pizza from a “hold” rating to a “strong-buy” rating in a report on Monday, July 8th. Guggenheim cut their price target on Domino’s Pizza from $485.00 to $460.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Finally, Stephens decreased their target price on shares of Domino’s Pizza from $430.00 to $420.00 and set an “equal weight” rating on the stock in a research report on Friday, October 11th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $489.55.

Domino’s Pizza Trading Up 0.9 %

Shares of DPZ traded up $3.73 during mid-day trading on Thursday, hitting $413.75. The company’s stock had a trading volume of 610,675 shares, compared to its average volume of 608,428. Domino’s Pizza has a 52-week low of $332.13 and a 52-week high of $542.75. The company’s 50-day moving average is $418.13 and its 200-day moving average is $462.32. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.23 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.54. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Domino’s Pizza had a negative return on equity of 14.22% and a net margin of 12.42%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $4.18 EPS. As a group, sell-side analysts predict that Domino’s Pizza will post 16.24 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement

The company also recently announced 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 payout ratio is 37.10%.

Insider Transactions at Domino’s Pizza

In related news, Director Andrew Balson sold 6,970 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Domino’s Pizza

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 during the period. Principal Financial Group Inc. grew its stake in Domino’s Pizza by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,666,158 shares of the restaurant operator’s stock worth $716,681,000 after purchasing an additional 23,681 shares in the last quarter. Marshfield Associates increased its position in shares of Domino’s Pizza by 0.3% in the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after purchasing an additional 2,271 shares during the last quarter. TD Asset Management Inc raised its position in shares of Domino’s Pizza by 27.8% during the 1st quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock worth $315,685,000 after acquiring an additional 138,224 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Domino’s Pizza by 40,191.5% during the 3rd quarter. International Assets Investment Management LLC now owns 523,790 shares of the restaurant operator’s stock worth $225,303,000 after acquiring an additional 522,490 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.