Domino’s Pizza Inc (NASDAQ:DPZ) Short Interest Update

Domino’s Pizza Inc (NASDAQ:DPZ) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 3,419,660 shares, an increase of 25.9% from the March 15th total of 2,715,762 shares. Currently, 10.3% of the company’s stock are short sold. Based on an average daily volume of 1,081,572 shares, the short-interest ratio is presently 3.2 days.

Domino’s Pizza Price Performance

Domino’s Pizza stock opened at $372.06 on Friday. The stock has a market cap of $12.51 billion, a PE ratio of 21.18, a P/E/G ratio of 1.60 and a beta of 1.18. The stock’s fifty day moving average is $382.33 and its two-hundred day moving average is $403.11. Domino’s Pizza has a 1-year low of $346.31 and a 1-year high of $499.08.

Domino’s Pizza (NASDAQ:DPZ) last released its quarterly earnings data on Monday, February 23rd. The restaurant operator reported $5.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.38 by ($0.03). The business had revenue of $1.54 billion for the quarter. Domino’s Pizza had a negative return on equity of 15.28% and a net margin of 12.18%.The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $4.89 earnings per share. On average, research analysts expect that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Domino’s Pizza Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Friday, March 13th were issued a dividend of $1.99 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.74. This represents a $7.96 annualized dividend and a dividend yield of 2.1%. Domino’s Pizza’s dividend payout ratio is 45.30%.

Institutional Trading of Domino’s Pizza

A number of hedge funds and other institutional investors have recently made changes to their positions in DPZ. Berkshire Hathaway Inc increased its holdings in shares of Domino’s Pizza by 13.2% in the 3rd quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after acquiring an additional 348,077 shares during the period. Marshfield Associates boosted its stake in Domino’s Pizza by 4.0% during the 3rd quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock worth $321,415,000 after purchasing an additional 28,765 shares during the period. Principal Financial Group Inc. boosted its stake in Domino’s Pizza by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock worth $760,939,000 after purchasing an additional 30,647 shares during the period. Mediolanum International Funds Ltd grew its position in Domino’s Pizza by 209.6% during the 3rd quarter. Mediolanum International Funds Ltd now owns 4,155 shares of the restaurant operator’s stock worth $1,805,000 after purchasing an additional 2,813 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new position in Domino’s Pizza during the 3rd quarter worth $1,557,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DPZ. Morgan Stanley restated an “equal weight” rating and set a $455.00 price target (down from $535.00) on shares of Domino’s Pizza in a report on Tuesday, January 20th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Monday, February 23rd. UBS Group lowered their price objective on Domino’s Pizza from $500.00 to $480.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays upgraded shares of Domino’s Pizza from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Hovde Group set a $460.00 target price on shares of Domino’s Pizza in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $471.79.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.