Domino’s Pizza, Inc. (NYSE:DPZ) Short Interest Down 32.4% in June

Domino’s Pizza, Inc. (NYSE:DPZ) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 2,520,800 shares, a decline of 32.4% from the May 30th total of 3,731,400 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average trading volume of 691,900 shares, the days-to-cover ratio is currently 3.6 days.

Shares of DPZ traded up $4.47 during trading hours on Friday, hitting $282.11. 557,305 shares of the stock were exchanged, compared to its average volume of 766,670. Domino’s Pizza has a 12-month low of $231.28 and a 12-month high of $305.34. The firm has a market capitalization of $11.48 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 2.01 and a beta of 0.48. The stock has a 50-day moving average price of $280.38.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The firm had revenue of $835.96 million during the quarter, compared to analysts’ expectations of $852.59 million. During the same period in the previous year, the business earned $2.00 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts anticipate that Domino’s Pizza will post 9.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, June 13th. Domino’s Pizza’s payout ratio is currently 30.88%.

In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total value of $2,791,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.62% of the company’s stock.

A number of large investors have recently modified their holdings of DPZ. Raymond James & Associates grew its holdings in Domino’s Pizza by 7.2% in the 4th quarter. Raymond James & Associates now owns 26,927 shares of the restaurant operator’s stock valued at $6,678,000 after buying an additional 1,809 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Domino’s Pizza by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,304 shares of the restaurant operator’s stock valued at $1,067,000 after buying an additional 110 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in Domino’s Pizza by 146.3% in the 4th quarter. Standard Life Aberdeen plc now owns 5,288 shares of the restaurant operator’s stock valued at $1,313,000 after buying an additional 3,141 shares in the last quarter. Northern Trust Corp grew its holdings in Domino’s Pizza by 4.2% in the 4th quarter. Northern Trust Corp now owns 389,899 shares of the restaurant operator’s stock valued at $96,691,000 after buying an additional 15,756 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Domino’s Pizza by 1.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 39,231 shares of the restaurant operator’s stock valued at $9,120,000 after buying an additional 718 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Several brokerages have recently weighed in on DPZ. Bank of America raised Air Products & Chemicals from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. Wells Fargo & Co reaffirmed a “buy” rating and set a $85.00 target price on shares of Carvana in a research note on Monday, July 1st. Stephens reaffirmed a “hold” rating on shares of Carolina Financial in a research note on Thursday, April 25th. TheStreet downgraded TIM Participacoes from a “b” rating to a “c+” rating in a research note on Tuesday, June 4th. Finally, Zacks Investment Research downgraded Genprex from a “hold” rating to a “sell” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $296.63.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in 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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