Domino's Pizza Inc (NASDAQ:DPZ) Sees Significant Increase in Short Interest

Key Points

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Domino's Pizza Inc (NASDAQ:DPZ - Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,040,000 shares, agrowthof57.5% from the July 15th total of 1,930,000 shares. Based on an average daily volume of 625,400 shares, the days-to-cover ratio is presently 4.9 days. Approximately9.0% of the shares of the stock are sold short. Approximately9.0% of the shares of the stock are sold short. Based on an average daily volume of 625,400 shares, the days-to-cover ratio is presently 4.9 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Loop Capital upped their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. BMO Capital Markets upped their price objective on shares of Domino's Pizza from $515.00 to $540.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Argus reaffirmed a "hold" rating and set a $490.00 price objective on shares of Domino's Pizza in a research report on Tuesday, April 29th. Bank of America boosted their target price on Domino's Pizza from $520.00 to $549.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Benchmark boosted their target price on Domino's Pizza from $535.00 to $540.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $489.67.

Domino's Pizza Stock Performance

NASDAQ:DPZ opened at $444.85 on Tuesday. The company has a market capitalization of $15.10 billion, a PE ratio of 25.83, a P/E/G ratio of 2.47 and a beta of 1.09. The company has a 50 day simple moving average of $458.15 and a two-hundred day simple moving average of $465.50. Domino's Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $500.55.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%. Domino's Pizza's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.03 earnings per share. Research analysts predict that Domino's Pizza will post 16.74 EPS for the current year.

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, September 15th. Domino's Pizza's dividend payout ratio is presently 40.42%.

Hedge Funds Weigh In On Domino's Pizza

Institutional investors and hedge funds have recently modified their holdings of the business. RMG Wealth Management LLC bought a new position in shares of Domino's Pizza during the 2nd quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Domino's Pizza during the 1st quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Domino's Pizza in the 1st quarter worth $27,000. Zions Bancorporation National Association UT bought a new position in shares of Domino's Pizza in the 1st quarter worth $27,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Domino's Pizza in the 4th quarter worth $25,000. 94.63% of the stock is currently owned by institutional investors.

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.

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