Maxim Group Downgrades Domino's Pizza to Hold

Brokerage firm Maxim Group Downgrades its rating on Domino's Pizza(NYSE:DPZ). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Maxim Group was issued on Apr 12, 2016.

In a different note, On Mar 1, 2016, Goldman Sachs said it Downgrades its rating on Domino's Pizza. In the research note, the firm Raises the price-target to $118.00 per share. The shares have been rated ‘Buy’ by the firm.

Domino's Pizza (DPZ) made into the market gainers list on Fridays trading session with the shares advancing 0.98% or 1.35 points. Due to strong positive momentum, the stock ended at $138.62, which is also near the day’s high of $138.65. The stock began the session at $137.42 and the volume stood at 3,66,533 shares. The 52-week high of the shares is $139.42 and the 52 week low is $98.01. The company has a current market capitalization of $6,911 M and it has 4,98,54,019 shares in outstanding.

Domino's Pizza(DPZ) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $741.18M. Analysts had an estimated revenue of $706.77M. Earnings per share were $1.15. Analysts had estimated an EPS of $1.11.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, J Patrick Doyle (President and CEO) sold 200,000 shares at $134.01 per share price.Also, 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 Company’s 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 Company’s 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.

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