The stock of Domino’s Pizza, Inc. (NYSE:DPZ) hit a new 52-week high and has $178.70 target or 4.00% above today’s $171.83 share price. The 5 months bullish chart indicates low risk for the $8.36B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $178.70 price target is reached, the company will be worth $334.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 186,240 shares traded hands. Domino’s Pizza, Inc. (NYSE:DPZ) has risen 28.81% since April 22, 2016 and is uptrending. It has outperformed by 23.40% the S&P500.
Analysts await Domino’s Pizza, Inc. (NYSE:DPZ) to report earnings on February, 23. They expect $1.43 earnings per share, up 24.35% or $0.28 from last year’s $1.15 per share. DPZ’s profit will be $69.57M for 30.04 P/E if the $1.43 EPS becomes a reality. After $0.96 actual earnings per share reported by Domino’s Pizza, Inc. for the previous quarter, Wall Street now forecasts 48.96% EPS growth.
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. The firm has “Hold” rating by Maxim Group given on Tuesday, April 12. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) has “Hold” rating given on Monday, September 21 by Zacks. The rating was initiated by Nomura with “Buy” on Thursday, October 1. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) earned “Neutral” rating by Citigroup on Tuesday, September 13. Peel Hunt maintained Domino’s Pizza, Inc. (NYSE:DPZ) on Thursday, November 19 with “Add” rating. The company was maintained on Tuesday, October 4 by Maxim Group. The company was maintained on Friday, January 15 by Maxim Group. Maxim Group maintained it with “Buy” rating and $138 target price in Thursday, February 25 report. Jefferies maintained the shares of DPZ in a report on Friday, July 22 with “Hold” rating. Maxim Group maintained Domino’s Pizza, Inc. (NYSE:DPZ) rating on Monday, October 12. Maxim Group has “Buy” rating and $122 price target.
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 decreased to 1.04 in 2016 Q2. Its down 0.14, from 1.18 in 2016Q1. The ratio worsened, 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.
Delta Lloyd Nv, a Netherlands-based fund reported 3,176 shares. M Hldgs Secs Inc has 2,947 shares for 0.2% of their US portfolio. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.03% in Domino’s Pizza, Inc. (NYSE:DPZ). British Columbia Inv Mgmt Corporation has 0.04% invested in the company for 33,004 shares. Ameritas Inv Inc holds 0.07% or 7,930 shares in its portfolio. Schroder Gp accumulated 0.01% or 45,101 shares. Sei Invs owns 1,632 shares or 0% of their US portfolio. The Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.02% in Domino’s Pizza, Inc. (NYSE:DPZ). Tower Research Cap Ltd Limited Liability Company (Trc) owns 1,813 shares or 0.02% of their US portfolio. Kcg Hldgs Inc owns 1,976 shares or 0.01% of their US portfolio. Sheets Smith Wealth has invested 0.23% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ). Everpoint Asset Mgmt Ltd last reported 0% of its portfolio in the stock. Canada Pension Plan Investment Board has invested 0.01% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ). Massachusetts Fin Services Ma has invested 0.06% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ). Wall Street Assoc accumulated 3,500 shares or 0.18% of the stock.
Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 5 sales for $7.59 million net activity. Shares for $457,011 were sold by GOLDMAN JAMES A on Monday, July 25. Hamilton Vernon O had sold 1,600 shares worth $237,008 on Monday, July 25. Shares for $2.94M were sold by ALLISON RICHARD E JR on Friday, August 19.
More recent Domino’s Pizza, Inc. (NYSE:DPZ) news were published by: Fool.com which released: “Why Domino’s Pizza, Inc. Jumped 11.5% in October” on November 13, 2016. Also Reuters.com published the news titled: “BRIEF-Domino’s Pizza offering 50 pct off” on November 25, 2016. Nasdaq.com‘s news article titled: “Dominos Pizza Reaches Analyst Target Price” with publication date: November 16, 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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