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

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. Currently, 5.0% of the company’s stock are sold short. Based on an average trading volume of 602,000 shares, the short-interest ratio is presently 2.9 days.

Domino’s Pizza Stock Down 0.4 %

Shares of NYSE DPZ opened at $442.91 on Monday. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.24 and a beta of 0.87. Domino’s Pizza has a 52 week low of $330.05 and a 52 week high of $542.75. The firm has a 50-day simple moving average of $473.74 and a 200-day simple moving average of $475.79.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. Domino’s Pizza’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.08 EPS. As a group, equities research analysts expect that Domino’s Pizza will post 16.19 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $1.51 per share. The ex-dividend date is Friday, September 13th. This represents a $6.04 dividend on an annualized basis and a yield of 1.36%. Domino’s Pizza’s payout ratio is 39.43%.

Institutional Trading of Domino’s Pizza

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Domino’s Pizza by 5.8% during the first quarter. Vanguard Group Inc. now owns 4,098,664 shares of the restaurant operator’s stock worth $2,036,544,000 after purchasing an additional 222,949 shares during the last quarter. Coatue Management LLC acquired a new stake in shares of Domino’s Pizza during the 4th quarter worth approximately $322,859,000. Marshfield Associates raised its position in shares of Domino’s Pizza by 0.3% during the 2nd quarter. Marshfield Associates now owns 713,481 shares of the restaurant operator’s stock valued at $368,392,000 after buying an additional 2,271 shares during the period. TD Asset Management Inc lifted its holdings in Domino’s Pizza by 27.8% in the first quarter. TD Asset Management Inc now owns 635,335 shares of the restaurant operator’s stock valued at $315,685,000 after acquiring an additional 138,224 shares during the last quarter. Finally, Norges Bank purchased a new position in Domino’s Pizza in the fourth quarter worth approximately $208,604,000. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada cut their price target on shares of Domino’s Pizza from $575.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Loop Capital lowered their price target on Domino’s Pizza from $507.00 to $419.00 and set a “hold” rating for the company in a report on Friday, July 19th. BMO Capital Markets dropped their price objective on shares of Domino’s Pizza from $575.00 to $525.00 and set an “outperform” rating on the stock in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently 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.