Domino's Pizza (DPZ) was Upgraded by BofA/Merrill to ” Buy” and the brokerage firm has set the Price Target at $175. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Domino's Pizza. Company shares were Reiterated by Maxim Group on Oct 4, 2016 to “Hold”, Firm has raised the Price Target to $ 158 from a previous price target of $135 .Company shares were Reiterated by Maxim Group on Jul 22, 2016 to “Hold”, Firm has raised the Price Target to $ 135 from a previous price target of $127 .
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 closed down -0.81 points or -0.53% at $152.38 with 4,55,785 shares getting traded on Tuesday. Post opening the session at $153.5, the shares hit an intraday low of $151.72 and an intraday high of $153.94 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Aug 23, 2016, Richard E Jr Allison (President, Domino’s Int’l) sold 20,000 shares at $146.92 per share price. According to the SEC, on Jul 27, 2016, Vernon O Hamilton (director) sold 1,600 shares at $148.13 per share price. On Jul 27, 2016, James A Goldman (director) sold 3,095 shares at $147.66 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.