Domino’s Pizza Inc (NASDAQ:DPZ) Sees Significant Decrease in Short Interest

Domino’s Pizza Inc (NASDAQ:DPZ) saw a significant drop in short interest during 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 daily volume of 490,663 shares, the short-interest ratio is presently 4.3 days. Approximately 6.3% of the shares of the company are short sold. Approximately 6.3% of the shares of the company are short sold. Based on an average daily volume of 490,663 shares, the short-interest ratio is presently 4.3 days.

Insider Activity at Domino’s Pizza

In other news, EVP Kelly E. Garcia sold 4,870 shares of Domino’s Pizza stock in a transaction that occurred on 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 transaction, the executive vice president owned 6,744 shares of the company’s stock, valued at $2,927,300.64. This trade represents a 41.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Domino’s Pizza during the 2nd quarter worth about $202,680,000. Berkshire Hathaway Inc grew its stake in 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 worth $1,287,335,000 after buying an additional 348,077 shares during the last quarter. Two Sigma Investments LP grew its stake in Domino’s Pizza by 2,845.4% during the third quarter. Two Sigma Investments LP now owns 264,024 shares of the restaurant operator’s stock worth $113,982,000 after buying an additional 255,060 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Domino’s Pizza by 8,229.8% during the third quarter. Woodline Partners LP now owns 242,314 shares of the restaurant operator’s stock worth $104,609,000 after buying an additional 239,405 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Domino’s Pizza in the third quarter valued at approximately $80,549,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Domino’s Pizza Stock Down 2.2%

Domino’s Pizza stock opened at $400.28 on Friday. The business has a 50 day moving average price of $417.16 and a two-hundred day moving average price of $433.34. Domino’s Pizza has a 12 month low of $392.89 and a 12 month high of $500.55. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15.

Wall Street Analyst Weigh In

Several brokerages recently commented on DPZ. Cowen downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, January 5th. TD Cowen reiterated a “hold” rating and issued a $460.00 price objective (down from $500.00) on shares of Domino’s Pizza in a research note on Monday, January 5th. Jefferies Financial Group cut their price objective on Domino’s Pizza from $490.00 to $455.00 and set a “hold” rating for the company in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Domino’s Pizza in a report on Monday, December 29th. Finally, Piper Sandler reiterated a “neutral” rating and set a $445.00 price target on shares of Domino’s Pizza in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $485.74.

About Domino’s Pizza

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.