Domino's Pizza (DPZ) was Downgraded by Nomura to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Jun 22, 2016.
Many Wall Street Analysts have commented on Domino's Pizza. Shares were Reiterated by Maxim Group on May 4, 2016 to “Hold” and Lowered the Price Target to $ 127 from a previous price target of $138 .Maxim Group Downgraded Domino's Pizza on Apr 12, 2016 to ” Hold”, Price Target of the shares are set at $138.
On the company’s financial health, Domino's Pizza reported $0.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.98. The company had revenue of $539.18 million for the quarter, compared to analysts expectations of $545.45 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Domino's Pizza opened for trading at $128.44 and hit $128.827 on the upside on Monday, eventually ending the session at $127.49, with a gain of 0.16% or 0.2 points. The heightened volatility saw the trading volume jump to 5,06,244 shares. Company has a market cap of $6,394 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.