Domino's Pizza (DPZ) was Downgraded by Maxim Group to ” Hold” and the brokerage firm has set the Price Target at $138. Earlier the firm had a rating of “Buy ” on the company shares. Maxim Group advised their investors in a research report released on Apr 12, 2016.
Many Wall Street Analysts have commented on Domino's Pizza. Maxim Group Downgraded Domino's Pizza on Apr 12, 2016 to ” Hold”, Price Target of the shares are set at $138.Company shares were Reiterated by Argus on Mar 3, 2016 to “Buy”, Firm has raised the Price Target to $ 155 from a previous price target of $130 .Company shares were Reiterated by Maxim Group on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 138 from a previous price target of $124 .
On the company’s financial health, Domino's Pizza reported $1.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $1.11. The company had revenue of $741.20 million for the quarter, compared to analysts expectations of $704.77 million. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Domino's Pizza opened for trading at $137.94 and hit $139.42 on the upside on Monday, eventually ending the session at $137.24, with a gain of 0.14% or 0.19 points. The heightened volatility saw the trading volume jump to 6,35,981 shares. Company has a market cap of $6,842 M.
In a different news, on Mar 11, 2016, J Patrick Doyle (President and CEO) sold 200,000 shares at $134.01 per share price. According to the SEC, on Mar 9, 2016, Russell J Weiner (President, Domino’s U.S.A.) sold 60,000 shares at $133.88 per share price. On Mar 7, 2016, Jeffrey D Lawrence (Chief Financial Officer) sold 13,500 shares at $133.63 per share price, according to the Form-4 filing with the securities and exchange commission.
Domino’s Pizza Inc. is a pizza retail chain. The Company operates pizza stores at 11900 locations in over 80 markets. The Company operates in three business segments: domestic stores international franchise and supply chain. The Companys Domestic Stores segment consists primarily of its franchise operations through which the Company operates network of 4722 franchised stores located in the United States. The Companys International Franchise segment is comprised of a network of franchised stores in more than 80 international markets. The Company supply chain segment operates 16 regional dough manufacturing and food supply chain centers in the contiguous United States. Its basic menu features pizza products in various sizes and crust types. Its store also offers oven-baked sandwiches pasta boneless chicken and wings bread side items desserts and Coca-Cola soft drink products.