Domino's Pizza, Inc. (NYSE:DPZ - Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 1,710,000 shares, a growth of 50.0% from the May 31st total of 1,140,000 shares. Currently, 4.9% of the shares of the company are sold short. Based on an average daily volume of 545,900 shares, the days-to-cover ratio is presently 3.1 days.
Insider Transactions at Domino's Pizza
In related news, EVP Cynthia A. Headen sold 108 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Cynthia A. Headen sold 745 shares of Domino's Pizza stock in a transaction on Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the completion of the sale, the executive vice president now directly owns 3,910 shares of the company's stock, valued at $2,073,473. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Cynthia A. Headen sold 108 shares of Domino's Pizza stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares of the company's stock, valued at $1,935,762.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,633 shares of company stock valued at $6,649,181. 0.76% of the stock is owned by corporate insiders.
Institutional Trading of Domino's Pizza
Hedge funds have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Domino's Pizza in the fourth quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of Domino's Pizza in the first quarter valued at approximately $36,000. Creative Financial Designs Inc. ADV lifted its position in shares of Domino's Pizza by 127.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator's stock valued at $34,000 after buying an additional 46 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Domino's Pizza by 41.8% in the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator's stock valued at $46,000 after buying an additional 33 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Domino's Pizza during the third quarter worth approximately $49,000. 94.63% of the stock is owned by institutional investors and hedge funds.
Domino's Pizza Stock Performance
NYSE DPZ traded up $0.34 during trading hours on Friday, hitting $516.33. 882,798 shares of the company traded hands, compared to its average volume of 428,903. The business's 50-day moving average is $515.22 and its 200-day moving average is $465.69. Domino's Pizza has a twelve month low of $325.67 and a twelve month high of $542.75. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 2.55 and a beta of 0.85.
Domino's Pizza (NYSE:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 EPS for the quarter, beating the consensus estimate of $3.46 by $0.12. Domino's Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the firm posted $2.93 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. Analysts predict that Domino's Pizza will post 16 EPS for the current year.
Domino's Pizza Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $1.51 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.17%. Domino's Pizza's payout ratio is 39.43%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Domino's Pizza from $555.00 to $580.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. TD Securities reaffirmed a "buy" rating and set a $580.00 price objective on shares of Domino's Pizza in a research note on Thursday, May 16th. Royal Bank of Canada reissued an "outperform" rating and issued a $575.00 target price on shares of Domino's Pizza in a research note on Thursday, June 20th. Citigroup boosted their target price on Domino's Pizza from $505.00 to $530.00 and gave the company a "neutral" rating in a research note on Tuesday, April 30th. Finally, UBS Group boosted their target price on Domino's Pizza from $526.00 to $570.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $525.66.
Get Our Latest Analysis on Domino's Pizza
About Domino's Pizza
(Get Free Report)
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.
Featured Stories
- Five stocks we like better than Domino's Pizza
- What is Insider Trading? What You Can Learn from Insider Trading
- What's Behind Walgreens Stock Plunge: What Investors Can Do Next
- Where Do I Find 52-Week Highs and Lows?
- MarketBeat Week in Review – 6/24 - 6/28
- What Are Dividend Contenders? Investing in Dividend Contenders
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
→ The asset beating inflation by 4x (From Colonial Metals) (Ad)
Should you invest $1,000 in Domino's Pizza right now?
Before you consider Domino's Pizza, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Domino's Pizza wasn't on the list.
While Domino's Pizza currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
20 High-Yield Dividend Stocks that Could Ruin Your Retirement
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
