Domino’s Pizza, Inc. (NYSE:DPZ) Sees Large Growth in Short Interest

Domino’s Pizza, Inc. (NYSE:DPZ) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 3,233,300 shares, a growth of 37.8% from the June 30th total of 2,346,400 shares. Approximately 7.9% of the company’s stock are sold short. Based on an average daily volume of 774,100 shares, the days-to-cover ratio is presently 4.2 days.

Shares of NYSE DPZ traded down $7.81 during trading hours on Monday, hitting $240.02. The company had a trading volume of 767,774 shares, compared to its average volume of 1,345,898. The stock has a market capitalization of $9.90 billion, a PE ratio of 28.51, a P/E/G ratio of 1.77 and a beta of 0.46. Domino’s Pizza has a 1-year low of $231.28 and a 1-year high of $305.34. The firm’s 50 day moving average price is $262.73.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Tuesday, July 16th. The restaurant operator reported $2.19 EPS for the quarter, beating the consensus estimate of $2.00 by $0.19. The company had revenue of $811.65 million during the quarter, compared to the consensus estimate of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. Equities research analysts predict that Domino’s Pizza will post 9.43 earnings per share for the current fiscal year.

In related 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.62% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of DPZ. Field & Main Bank bought a new stake in Domino’s Pizza in the 1st quarter valued at $32,000. NEXT Financial Group Inc increased its position in Domino’s Pizza by 85.7% during the 2nd quarter. NEXT Financial Group Inc now owns 130 shares of the restaurant operator’s stock worth $36,000 after buying an additional 60 shares during the period. Cullen Frost Bankers Inc. bought a new position in Domino’s Pizza during the 1st quarter worth $37,000. Institutional & Family Asset Management LLC bought a new position in Domino’s Pizza during the 1st quarter worth $58,000. Finally, Cornerstone Advisors Inc. increased its position in Domino’s Pizza by 36.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 207 shares of the restaurant operator’s stock worth $58,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 96.82% of the company’s stock.

DPZ has been the subject of several research analyst reports. Stephens decreased their price objective on Domino’s Pizza from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Argus reduced their price target on Domino’s Pizza from $310.00 to $280.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. TheStreet raised Domino’s Pizza from a “c+” rating to a “b-” rating in a research report on Tuesday, June 4th. OTR Global downgraded Domino’s Pizza to a “positive” rating and set a $280.00 price target for the company. in a research report on Wednesday, July 10th. Finally, FIG Partners reaffirmed an “outperform” rating and set a $310.00 price target (up previously from $280.00) on shares of Domino’s Pizza in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Domino’s Pizza presently has an average rating of “Buy” and an average price target of $294.11.

About Domino’s Pizza

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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