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 during the month of October. As of October 31st, there was short interest totalling 1,510,000 shares, a growth of 11.9% from the October 15th total of 1,350,000 shares. Based on an average trading volume of 572,800 shares, the days-to-cover ratio is presently 2.6 days. Approximately 4.4% of the company’s shares are sold short.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Lisa V. Price sold 4,940 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $350.00, for a total value of $1,729,000.00. Following the completion of the sale, the executive vice president now owns 4,028 shares of the company’s stock, valued at $1,409,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Andy Ballard sold 428 shares of Domino’s Pizza stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $350.14, for a total transaction of $149,859.92. Following the transaction, the director now owns 2,307 shares in the company, valued at approximately $807,772.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lisa V. Price sold 4,940 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $350.00, for a total value of $1,729,000.00. Following the sale, the executive vice president now directly owns 4,028 shares of the company’s stock, valued at $1,409,800. The disclosure for this sale can be found here. Insiders have sold 5,379 shares of company stock valued at $1,883,038 in the last 90 days. 0.76% of the stock is owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently made changes to their positions in the stock. KB Financial Partners LLC bought a new stake in shares of Domino’s Pizza during the 1st quarter valued at $32,000. UMB Bank n.a. bought a new stake in Domino’s Pizza during the second quarter worth about $34,000. Harvest Fund Management Co. Ltd acquired a new stake in Domino’s Pizza during the third quarter worth about $39,000. Tilia Fiduciary Partners Inc. bought a new position in Domino’s Pizza in the 2nd quarter valued at about $47,000. Finally, Quarry LP acquired a new position in shares of Domino’s Pizza in the 2nd quarter valued at approximately $47,000. 92.27% of the stock is currently owned by institutional investors.

Domino’s Pizza Price Performance

NYSE DPZ traded down $2.32 on Friday, reaching $372.42. The stock had a trading volume of 556,799 shares, compared to its average volume of 686,446. The company has a market cap of $12.99 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.04 and a beta of 0.84. The firm has a fifty day moving average of $366.69 and a two-hundred day moving average of $354.79. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $409.95.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Thursday, October 12th. The restaurant operator reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.87. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Domino’s Pizza had a net margin of 11.64% and a negative return on equity of 12.50%. Domino’s Pizza’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.79 earnings per share. Research analysts predict that Domino’s Pizza will post 14.48 EPS for the current fiscal year.

Domino’s Pizza Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $1.21 dividend. The ex-dividend date is Thursday, December 14th. This represents a $4.84 dividend on an annualized basis and a dividend yield of 1.30%. Domino’s Pizza’s payout ratio is 33.11%.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of research analyst reports. Oppenheimer restated an “outperform” rating and set a $450.00 price objective (up from $427.00) on shares of Domino’s Pizza in a report on Tuesday, September 26th. Barclays boosted their price target on Domino’s Pizza from $320.00 to $335.00 and gave the company an “underweight” rating in a report on Friday, October 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Domino’s Pizza in a research report on Thursday, October 19th. They issued a “buy” rating and a $430.00 target price on the stock. Royal Bank of Canada reduced their price target on Domino’s Pizza from $460.00 to $455.00 and set an “outperform” rating for the company in a research report on Friday, October 13th. Finally, Morgan Stanley lowered their price objective on shares of Domino’s Pizza from $440.00 to $435.00 and set an “overweight” rating on the stock in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $400.62.

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.