These 5 Stocks are Skyrocketing Today

2. Domino’s Pizza, Inc. (NYSE:DPZ)

Number of Hedge Fund Holders: 52

Shares of Domino’s Pizza, Inc. (NYSE:DPZ) rose to a nearly three-month high this morning after the pizza restaurant chain announced that it is adding over 100 Chevy Bolt EVs in select stores across the country.

Domino’s Pizza, Inc. (NYSE:DPZ) plans to deploy 700 additional EVs in the coming months. The company believes the EV fleet would save it from higher fuel costs, besides helping it in enticing more drivers.

Separately, investment management firm LRT Capital also discussed Domino’s Pizza, Inc. (NYSE:DPZ) in its recent investor letter. Here’s what the firm said:

“Domino’s Pizza, Inc. (NYSE:DPZ) is the world’s largest franchisor of pizza restaurants with over 13,800 locations in 85 countries. As for any restaurant operator, the key metric to consider for Domino’s Pizza is same-store-sales (SSS) growth. Growing same-store-sales are ultimately how a restaurant business increases earnings from its existing assets. The company continues to impress in this criterion with SSS having grown in the U.S. for 40 consecutive quarters, and an astounding 109 straight quarters internationally…” (Click here to read the full text)