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.

Several hedge funds have recently made changes to their positions in DPZ. FMR LLC increased its position in shares of Domino’s Pizza by 150.2% in the second quarter. FMR LLC now owns 1,184,342 shares of the restaurant operator’s stock valued at $334,186,000 after buying an additional 711,035 shares in the last quarter. BlackRock Inc. increased its position in shares of Domino’s Pizza by 5.6% in the fourth quarter. BlackRock Inc. now owns 5,380,982 shares of the restaurant operator’s stock valued at $1,334,427,000 after buying an additional 284,078 shares in the last quarter. Capital International Investors purchased a new position in shares of Domino’s Pizza in the third quarter valued at $59,744,000. Massachusetts Financial Services Co. MA increased its position in shares of Domino’s Pizza by 319.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 225,664 shares of the restaurant operator’s stock valued at $66,526,000 after buying an additional 171,832 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Domino’s Pizza by 38.4% in the third quarter. Capital Research Global Investors now owns 554,451 shares of the restaurant operator’s stock valued at $163,452,000 after buying an additional 153,951 shares in the last quarter. Institutional investors and hedge funds own 90.26% of the company’s stock.

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.

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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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