Domino's Pizza (DPZ) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. DPZ said it had a profit of $0.96 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.90. The company posted revenue of $566.70 million in the period, compared to analysts expectations of $543.18 million. DPZ’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on Domino's Pizza. BofA/Merrill Upgraded Domino's Pizza on Oct 14, 2016 to ” Buy”, Price Target of the shares are set at $175.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 .
Domino's Pizza opened for trading at $153.7 and hit $153.86 on the upside on Friday, eventually ending the session at $151.12, with a gain of 0.54% or 0.81 points. The heightened volatility saw the trading volume jump to 11,69,526 shares. Company has a market cap of $7,293 M.
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.