Domino's Pizza (DPZ) is Reiterated by Maxim Group to Hold, Raises Price Target to $ 135

Domino's Pizza (DPZ) was Reiterated by Maxim Group to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 135 from a previous price target of $127 . Maxim Group advised their investors in a research report released on Jul 22, 2016.

Many Wall Street Analysts have commented on Domino's Pizza. Domino's Pizza was Downgraded by Nomura to ” Neutral” on Jun 22, 2016. 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 .

On the company’s financial health, Domino's Pizza reported $0.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.94. The company had revenue of $547.34 million for the quarter, compared to analysts expectations of $532.55 million. The company’s revenue was up 12.0% 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 $136.3 and hit $137.87 on the upside on Wednesday, eventually ending the session at $136.89, with a gain of 0.99% or 1.34 points. The heightened volatility saw the trading volume jump to 13,32,607 shares. Company has a market cap of $6,866 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 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.

Domino's Pizza

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