The stock of Domino’s Pizza, Inc. (NYSE:DPZ) reached all time high today, Nov, 10 and still has $230.30 target or 39.00% above today’s $165.68 share price. This indicates more upside for the $8.04B company. This technical setup was reported by Barchart.com. If the $230.30 PT is reached, the company will be worth $3.14 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 132,489 shares traded hands. Domino’s Pizza, Inc. (NYSE:DPZ) has risen 24.30% since April 8, 2016 and is uptrending. It has outperformed by 18.66% the S&P500.
Domino’s Pizza, Inc. (NYSE:DPZ) Ratings Coverage
Out of 15 analysts covering Domino’s Pizza (NYSE:DPZ), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. Domino’s Pizza has been the topic of 31 analyst reports since August 28, 2015 according to StockzIntelligence Inc. On Thursday, October 29 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) earned “Add” rating by Peel Hunt on Thursday, November 19. As per Tuesday, October 6, the company rating was maintained by Numis Securities. Maxim Group maintained the shares of DPZ in a report on Friday, January 15 with “Buy” rating. Maxim Group maintained Domino’s Pizza, Inc. (NYSE:DPZ) rating on Friday, July 22. Maxim Group has “Hold” rating and $135 price target. The stock has “Buy” rating given by Bank of America on Friday, October 14. Maxim Group maintained it with “Hold” rating and $162 target price in Wednesday, October 19 report. The firm earned “Buy” rating on Thursday, October 29 by Maxim Group. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, September 9 report. Citigroup maintained Domino’s Pizza, Inc. (NYSE:DPZ) on Tuesday, September 13 with “Neutral” rating.
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 improved, 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.
Pnc Fincl Gp accumulated 0% or 11,962 shares. Bnp Paribas Arbitrage Sa owns 21,091 shares or 0.01% of their US portfolio. Pointstate Capital L P has 0.11% invested in the company for 39,900 shares. M Hldgs Securities accumulated 0.2% or 2,947 shares. Blackrock Gru Ltd accumulated 0.02% or 221,507 shares. Balyasny Asset Mgmt Ltd Llc holds 412,046 shares or 0.35% of its portfolio. Dekabank Deutsche Girozentrale has 0% invested in the company for 2,988 shares. Andra Ap accumulated 0.04% or 13,200 shares. Spot Trading Limited Liability Company holds 0.03% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ) for 13,102 shares. Samlyn Limited Liability Company last reported 34,940 shares in the company. Savings Bank Of America De accumulated 137,883 shares or 0% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 9,653 shares or 0.02% of the stock. The Georgia-based Advisory Service Networks Limited Liability Company has invested 0% in Domino’s Pizza, Inc. (NYSE:DPZ). Regentatlantic Capital Lc last reported 16,346 shares in the company. Moreover, Commonwealth Equity Services Inc has 0.01% invested in Domino’s Pizza, Inc. (NYSE:DPZ) for 5,279 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 5 selling transactions for $7.59 million net activity. Hamilton Vernon O sold $237,008 worth of stock or 1,600 shares. ALLISON RICHARD E JR also sold $3.30M worth of Domino’s Pizza, Inc. (NYSE:DPZ) on Thursday, October 20. $457,011 worth of Domino’s Pizza, Inc. (NYSE:DPZ) shares were sold by GOLDMAN JAMES A.
More recent Domino’s Pizza, Inc. (NYSE:DPZ) news were published by: Prnewswire.com which released: “Domino’s Pizza® Announces Third Quarter 2016 Financial Results” on October 18, 2016. Also Seekingalpha.com published the news titled: “Is Domino’s Pizza In Danger Of Crashing?” on November 02, 2016. Prnewswire.com‘s news article titled: “Domino’s® Launches 13th Annual Thanks and Giving® Campaign for St. Jude …” with publication date: October 24, 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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