Domino’s Pizza Inc. (DPZ) may enjoy gains as insiders got busy in the recent days

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In a filing, Domino’s Pizza Inc. revealed its Director GOLDMAN JAMES A unloaded Company‚Äôs shares for reported $0.13 million on Oct 25. In the deal valued at $330.00 per share,399 shares were sold. As a result of this transaction, GOLDMAN JAMES A now holds 6,123 shares worth roughly $ 2.13 million.


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Then, HEADEN CYNTHIA A sold 22 shares, generating $8,842 in total proceeds. Upon selling the shares at $401.89, the EVP, Supply Chain Services now owns 2,976 shares.

Before that, BALSON ANDREW sold 10,000 shares. Domino’s Pizza Inc. shares valued at $3,850,000 were divested by the Director at a price of $385.00 per share. As a result of the transaction, BALSON ANDREW now holds 33,596 shares, worth roughly $11.69 million.

RBC Capital Mkts reiterated its Domino’s Pizza Inc. [DPZ] rating to an Outperform in a research note published on Monday, October 11, 2022; the price target was $430. PT values the company’s stock at a premium of 19.09 to its Monday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early October from “a Neutral” to “a Buy”. BMO Capital Markets also remained covering DPZ and has increased its forecast on September 23, 2022 with a “an Outperform” recommendation from previously “Market perform” rating. Stephens started covering the stock on September 23, 2022. It rated DPZ as “an Equal-weight”.

Price Performance Review of DPZ

On Monday, Domino’s Pizza Inc. [NYSE:DPZ] saw its stock fall -3.26% to $347.93. On the same session, the stock had its day’s lowest price of $347.49, but rose to a high of $360.38. Over the last five days, the stock has gained 4.72%. Domino’s Pizza Inc. shares have fallen nearly -38.35% since the year began. Nevertheless, the stocks have fallen -29.84% over the past one year. While a 52-week high of $567.57 was reached on 01/03/22, a 52-week low of $299.41 was recorded on 10/12/22. SMA at 50 days reached $336.23, while 200 days put it at $379.36. A total of 0.81 million shares were traded, compared to the trading of 1.06 million shares in the previous session.

Levels Of Support And Resistance For DPZ Stock

The 24-hour chart illustrates a support level at 343.49, which if violated will result in even more drops to 339.04. On the upside, there is a resistance level at 356.38. A further resistance level may holdings at 364.82. The Relative Strength Index (RSI) on the 14-day chart is 57.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.91%. Stochastics %K at 89.80% indicates the stock is a selling.

How much short interest is there in Domino’s Pizza Inc.?

A steep rise in short interest was recorded in Domino’s Pizza Inc. stocks on Jul 14, 2022, dropping by -0.9 million shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.79 million shares. There was a decline of -47.62%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.77.

Domino’s Pizza Inc. [DPZ] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,730,179 shares, or roughly 10.40% of the outstanding DPZ shares. In other words, the investor’s shares have fallen by -8,120 from its previous 13-F filing of 3738299.0. Additionally, BlackRock Fund Advisors decreased -2.31% of its stake after which the total value it holdings stand at $680,402,296, while Fidelity Management & Research Co added 10.21% of its stake to hold $591.98 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -12,996 shares of Domino’s Pizza Inc., while SSgA Funds Management, Inc. sold -47,475 shares. At present, Principal Global Investors LLC is holding 1,399,631 shares valued at $434.17 million. Capital Research & Management Co owned 1,259,245 shares of the company at the time of its most recent 13F filing, worth $390.62 million.

According to FactSet, Domino’s Pizza Inc.’s share price will average $373.68 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.77 percent from its previous closing price of $359.65. Analysts expect Domino’s Pizza Inc. stock to reach the higher price of $450.00, while the lowest price estimate is $315.00. However, 33 analysts have rated DPZ stock as an Overweight in their predictions for 2022. The most recent change occurred on September 08, 2022 when Bernstein began covering the stock and recommended ‘”an Underperform”‘ rating along with a $334 price target.

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