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.
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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