Domino’s Pizza, Inc. (NYSE:DPZ) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 2,520,800 shares, a decrease of 32.4% from the May 30th total of 3,731,400 shares. Based on an average trading volume of 691,900 shares, the short-interest ratio is presently 3.6 days. Approximately 6.2% of the shares of the company are short sold.
DPZ has been the subject of several analyst reports. Citigroup set a $86.00 price objective on shares of Prologis and gave the stock a “buy” rating in a report on Thursday, June 6th. TheStreet cut shares of TIM Participacoes from a “b” rating to a “c+” rating in a research note on Tuesday, June 4th. Wells Fargo & Co reiterated a “buy” rating and issued a $85.00 target price on shares of Carvana in a research note on Monday, July 1st. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Altagas in a research note on Tuesday, March 19th. Finally, Bank of America upgraded shares of Air Products & Chemicals from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $170.00 to $215.00 in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $296.63.
In other news, CEO Richard E. Allison, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $279.19, for a total transaction of $2,791,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.62% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co boosted its position in shares of Domino’s Pizza by 451.0% in the second quarter. CENTRAL TRUST Co now owns 551 shares of the restaurant operator’s stock worth $153,000 after purchasing an additional 451 shares during the period. Sheets Smith Wealth Management raised its stake in Domino’s Pizza by 66.7% during the second quarter. Sheets Smith Wealth Management now owns 2,324 shares of the restaurant operator’s stock valued at $647,000 after purchasing an additional 930 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Domino’s Pizza by 6.4% during the second quarter. Xact Kapitalforvaltning AB now owns 10,576 shares of the restaurant operator’s stock valued at $2,943,000 after purchasing an additional 636 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in Domino’s Pizza during the second quarter valued at $3,862,000. Finally, Cleararc Capital Inc. purchased a new stake in shares of Domino’s Pizza in the first quarter valued at $272,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of DPZ stock traded up $4.73 on Friday, hitting $282.37. 29,051 shares of the company’s stock traded hands, compared to its average volume of 505,326. Domino’s Pizza has a one year low of $231.28 and a one year high of $305.34. The firm’s fifty day moving average is $280.38. The stock has a market cap of $11.48 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.01 and a beta of 0.48.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.13. Domino’s Pizza had a net margin of 10.50% and a negative return on equity of 12.38%. The company had revenue of $835.96 million for the quarter, compared to analyst estimates of $852.59 million. During the same quarter last year, the firm earned $2.00 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Domino’s Pizza will post 9.34 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Thursday, June 13th. Domino’s Pizza’s dividend payout ratio is currently 30.88%.
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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