Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 2,590,000 shares, an increase of 17.7% from the March 31st total of 2,200,000 shares. Based on an average trading volume of 487,600 shares, the short-interest ratio is currently 5.3 days. Approximately 7.2% of the company’s stock are sold short.
In related news, EVP Cynthia A. Headen sold 149 shares of Domino’s Pizza stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $423.89, for a total value of $63,159.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 137 shares of Domino’s Pizza stock in a transaction on Monday, April 4th. The shares were sold at an average price of $397.00, for a total transaction of $54,389.00. Following the completion of the sale, the executive vice president now directly owns 3,362 shares of the company’s stock, valued at approximately $1,334,714. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Allworth Financial LP grew its position in Domino’s Pizza by 512.5% during the 4th quarter. Allworth Financial LP now owns 49 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 41 shares during the last quarter. Bellwether Advisors LLC boosted its position in Domino’s Pizza by 1,016.7% in the 4th quarter. Bellwether Advisors LLC now owns 67 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 61 shares during the last quarter. CI Investments Inc. bought a new position in Domino’s Pizza in the 3rd quarter valued at $39,000. Vigilant Capital Management LLC bought a new position in Domino’s Pizza in the 1st quarter valued at $47,000. Finally, Bank of New Hampshire bought a new position in Domino’s Pizza in the 1st quarter valued at $65,000. Institutional investors and hedge funds own 92.84% of the company’s stock.
Domino’s Pizza (NYSE:DPZ – Get Rating) last released its quarterly earnings results on Thursday, April 28th. The restaurant operator reported $2.50 EPS for the quarter, missing the Zacks’ consensus estimate of $3.15 by ($0.65). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Domino’s Pizza had a negative return on equity of 11.66% and a net margin of 11.03%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $3.00 earnings per share. As a group, analysts anticipate that Domino’s Pizza will post 13.96 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $4.40 dividend on an annualized basis and a yield of 1.28%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 33.72%.
A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Domino’s Pizza from $485.00 to $425.00 in a research report on Tuesday, March 1st. BMO Capital Markets cut their target price on shares of Domino’s Pizza from $450.00 to $400.00 in a research report on Friday, April 29th. Oppenheimer cut their target price on shares of Domino’s Pizza from $510.00 to $435.00 in a research report on Friday, April 29th. MKM Partners cut their target price on shares of Domino’s Pizza from $490.00 to $440.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. Finally, UBS Group cut their target price on shares of Domino’s Pizza from $475.00 to $430.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $442.81.
Domino’s Pizza Company Profile (Get Rating)
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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