Domino’s Pizza, Inc. (DPZ) Sees Large Increase in Short Interest
Domino’s Pizza, Inc. (NYSE:DPZ) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,583,172 shares, an increase of 102.7% from the January 15th total of 1,274,397 shares. Based on an average daily volume of 870,106 shares, the days-to-cover ratio is currently 3.0 days. Approximately 6.2% of the shares of the company are short sold.
DPZ has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Mizuho set a $300.00 target price on Domino’s Pizza and gave the company a “buy” rating in a report on Wednesday, October 17th. BTIG Research raised their target price on Domino’s Pizza to $335.00 and gave the company a “buy” rating in a report on Friday, January 18th. Maxim Group raised Domino’s Pizza from a “hold” rating to a “buy” rating and raised their target price for the company from $305.00 to $310.00 in a report on Wednesday, October 17th. Finally, Cowen initiated coverage on Domino’s Pizza in a report on Friday, January 11th. They issued an “outperform” rating and a $290.00 target price for the company. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $279.05.
In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the completion of the sale, the chief executive officer now directly owns 44,864 shares of the company’s stock, valued at $12,530,963.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.97% of the stock is owned by company insiders.
Shares of DPZ stock opened at $288.80 on Thursday. Domino’s Pizza has a fifty-two week low of $205.51 and a fifty-two week high of $305.34. The firm has a market capitalization of $11.95 billion, a PE ratio of 54.08, a PEG ratio of 1.79 and a beta of 0.67.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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