The stock of Domino’s Pizza, Inc. (NYSE:DPZ) reached all time high today, Oct, 18 and still has $262.10 target or 63.00% above today’s $160.80 share price. This indicates more upside for the $7.81 billion company. This technical setup was reported by Barchart.com. If the $262.10 PT is reached, the company will be worth $4.92 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.13M shares traded hands or 109.70% up from the average. Domino’s Pizza, Inc. (NYSE:DPZ) has risen 15.86% since March 15, 2016 and is uptrending. It has outperformed by 10.38% the S&P500.
Domino’s Pizza, Inc. (NYSE:DPZ) Ratings Coverage
Out of 14 analysts covering Domino’s Pizza (NYSE:DPZ), 6 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 43% are positive. Domino’s Pizza has been the topic of 28 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Maxim Group on Friday, July 22 with “Hold”. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) has “Neutral” rating given on Monday, October 19 by Citigroup. Maxim Group downgraded it to “Hold” rating and $138 target price in Tuesday, April 12 report. The rating was maintained by Numis Securities on Wednesday, October 14 with “Buy”. The firm has “Add” rating by Peel Hunt given on Thursday, November 19. Maxim Group maintained Domino’s Pizza, Inc. (NYSE:DPZ) on Tuesday, October 4 with “Hold” rating. The firm has “Hold” rating given on Friday, July 22 by Jefferies. Citigroup maintained the shares of DPZ in a report on Tuesday, September 13 with “Neutral” rating. The rating was maintained by Maxim Group on Thursday, October 29 with “Buy”. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) has “Buy” rating given on Wednesday, September 9 by Goldman Sachs.
According to Zacks Investment Research, “Dominos Pizza is the recognized world leader in pizza delivery. Through its primarily franchised system, Domino’s operates franchised and Company-owned stores in the United States and in more than 50 countries.”
Insitutional Activity: The institutional sentiment increased to 1.18 in Q2 2016. Its up 0.11, from 1.07 in 2016Q1. The ratio increased, as 58 funds sold all Domino’s Pizza, Inc. shares owned while 79 reduced positions. 63 funds bought stakes while 99 increased positions. They now own 45.28 million shares or 4.94% less from 47.63 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) reported 4,930 shares or 0.01% of all its holdings. Pub Employees Retirement Association Of Colorado has 12,798 shares for 0.01% of their US portfolio. Airain holds 40,728 shares or 0.31% of its portfolio. Bnp Paribas Arbitrage Sa holds 0.01% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ) for 21,091 shares. Cap Fund Mngmt Sa owns 77,808 shares or 0.1% of their US portfolio. Ims Cap has 1.82% invested in the company for 11,854 shares. Gemmer Asset Mngmt Lc holds 0.01% or 84 shares in its portfolio. Diam last reported 0.01% of its portfolio in the stock. The Pennsylvania-based Brick Kyle Associate has invested 0.02% in Domino’s Pizza, Inc. (NYSE:DPZ). Amalgamated State Bank has invested 0.07% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ). Asset Mngmt Grp Inc last reported 0.32% of its portfolio in the stock. Ibm Retirement Fund last reported 0.02% of its portfolio in the stock. Quantitative Systematic Strategies Lc accumulated 0.38% or 6,415 shares. Moreover, Babson Cap Management Limited Liability Corp has 0.01% invested in Domino’s Pizza, Inc. (NYSE:DPZ) for 2,890 shares. California State Teachers Retirement Systems accumulated 105,651 shares or 0.03% of the stock.
Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 3 insider sales for $3.63 million net activity. $2.94M worth of shares were sold by ALLISON RICHARD E JR on Friday, August 19. Hamilton Vernon O sold 1,600 shares worth $237,008. GOLDMAN JAMES A sold $457,011 worth of Domino’s Pizza, Inc. (NYSE:DPZ) on Monday, July 25.
More recent Domino’s Pizza, Inc. (NYSE:DPZ) news were published by: Prnewswire.com which released: “Domino’s® Presidential Election Prediction? Pizza Wins!” on October 10, 2016. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: Domino’s Pizza, Level 3, Noble Energy …” on October 14, 2016. Benzinga.com‘s news article titled: “Fast Money Halftime Report Traders Share Their Opinions About Domino’s …” with publication date: October 15, 2016 was also an interesting one.
DPZ Company Profile
Domino’s Pizza, Inc., incorporated on July 30, 2002, is a pizza restaurant chain. The Firm operates pizza stores at 12,500 locations in over 80 markets. The Firm operates through three divisions: domestic stores, international franchise and supply chain. The Company’s basic menu features pizza products in various sizes and crust types. The Company’s stores also offer oven-baked sandwiches, pasta, boneless chicken and wings, bread side items, desserts and soft drink products. International markets vary toppings by Country and culture, such as squid toppings in Japan or spicy cheese in India, and feature regional specialty items, such as a banana and cinnamon dessert pizza in Brazil.
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