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

Domino’s Pizza Inc (NASDAQ:DPZ) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 2,120,767 shares, a drop of 20.3% from the December 15th total of 2,659,335 shares. Based on an average trading volume of 490,663 shares, the short-interest ratio is currently 4.3 days. Currently, 6.3% of the shares of the company are short sold. Currently, 6.3% of the shares of the company are short sold. Based on an average trading volume of 490,663 shares, the short-interest ratio is currently 4.3 days.

Domino’s Pizza Price Performance

Shares of NASDAQ DPZ traded down $8.17 during mid-day trading on Tuesday, hitting $392.11. 409,874 shares of the stock traded hands, compared to its average volume of 622,743. The firm has a 50 day simple moving average of $417.02 and a two-hundred day simple moving average of $432.80. Domino’s Pizza has a twelve month low of $382.47 and a twelve month high of $500.55. The company has a market cap of $13.25 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15.

Insider Buying and Selling at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $434.06, for a total value of $2,113,872.20. Following the sale, the executive vice president directly owned 6,744 shares of the company’s stock, valued at approximately $2,927,300.64. This represents a 41.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Domino’s Pizza

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Domino’s Pizza by 0.9% in the second quarter. Vanguard Group Inc. now owns 4,047,026 shares of the restaurant operator’s stock worth $1,823,590,000 after purchasing an additional 36,288 shares during the last quarter. Berkshire Hathaway Inc lifted its position in shares of Domino’s Pizza by 13.2% during the third quarter. Berkshire Hathaway Inc now owns 2,981,945 shares of the restaurant operator’s stock valued at $1,287,335,000 after purchasing an additional 348,077 shares in the last quarter. Principal Financial Group Inc. increased its stake in Domino’s Pizza by 1.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,762,568 shares of the restaurant operator’s stock valued at $760,939,000 after buying an additional 30,647 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Domino’s Pizza by 9.3% in the 3rd quarter. Invesco Ltd. now owns 919,830 shares of the restaurant operator’s stock worth $397,100,000 after buying an additional 78,594 shares during the last quarter. Finally, Marshfield Associates grew its holdings in shares of Domino’s Pizza by 4.0% in the third quarter. Marshfield Associates now owns 744,515 shares of the restaurant operator’s stock valued at $321,415,000 after acquiring an additional 28,765 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DPZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a research report on Monday, December 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $490.00 price target on shares of Domino’s Pizza in a report on Tuesday, December 2nd. Wells Fargo & Company decreased their price objective on shares of Domino’s Pizza from $490.00 to $450.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 8th. TD Cowen reissued a “hold” rating and issued a $460.00 price objective (down from $500.00) on shares of Domino’s Pizza in a research report on Monday, January 5th. Finally, Royal Bank Of Canada decreased their price target on shares of Domino’s Pizza from $500.00 to $450.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $482.78.

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.