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.
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.
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.