Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,610,000 shares, an increase of 10.3% from the January 31st total of 1,460,000 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 624,100 shares, the days-to-cover ratio is currently 2.6 days.
Domino’s Pizza Stock Down 0.2 %
Shares of DPZ stock opened at $304.76 on Friday. The stock has a 50-day simple moving average of $342.49 and a 200 day simple moving average of $349.99. The stock has a market capitalization of $10.79 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.91 and a beta of 0.76. Domino’s Pizza has a fifty-two week low of $291.00 and a fifty-two week high of $426.44.
Domino’s Pizza (NYSE:DPZ – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The restaurant operator reported $4.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $0.51. Domino’s Pizza had a net margin of 9.97% and a negative return on equity of 10.71%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company earned $4.25 EPS. Domino’s Pizza’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts anticipate that Domino’s Pizza will post 13.01 earnings per share for the current year.
Domino’s Pizza Increases Dividend
Insider Activity at Domino’s Pizza
In other news, Director Patricia E. Lopez sold 244 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were sold at an average price of $351.93, for a total transaction of $85,870.92. Following the transaction, the director now directly owns 1,519 shares of the company’s stock, valued at $534,581.67. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.12% of the company’s stock.
Institutional Investors Weigh In On Domino’s Pizza
A number of institutional investors and hedge funds have recently modified their holdings of the stock. General Partner Inc. acquired a new stake in shares of Domino’s Pizza during the fourth quarter worth $28,000. Twin Lakes Capital Management LLC purchased a new stake in Domino’s Pizza during the third quarter valued at about $31,000. Private Trust Co. NA purchased a new stake in Domino’s Pizza during the second quarter valued at about $35,000. Luken Investment Analytics LLC purchased a new position in shares of Domino’s Pizza in the fourth quarter worth approximately $35,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of Domino’s Pizza by 41.7% during the third quarter. First Horizon Advisors Inc. now owns 136 shares of the restaurant operator’s stock valued at $41,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 90.32% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on DPZ. Gordon Haskett downgraded Domino’s Pizza from a “buy” rating to a “hold” rating and lowered their target price for the company from $344.00 to $315.00 in a research note on Friday. Wells Fargo & Company started coverage on shares of Domino’s Pizza in a research note on Monday, January 23rd. They issued an “equal weight” rating and a $360.00 price target for the company. Citigroup lowered shares of Domino’s Pizza from a “buy” rating to a “neutral” rating and cut their target price for the company from $429.00 to $316.00 in a research note on Friday, February 24th. Evercore ISI cut their price objective on Domino’s Pizza from $415.00 to $370.00 and set an “outperform” rating on the stock in a research note on Friday, February 24th. Finally, Cowen reduced their target price on Domino’s Pizza from $362.00 to $320.00 and set a “market perform” rating on the stock in a report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $363.04.
About Domino’s Pizza
Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.
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