The stock of Domino’s Pizza, Inc. (NYSE:DPZ) hit a new 52-week high and has $267.82 target or 67.00% above today’s $160.37 share price. The 7 months bullish chart indicates low risk for the $7.78 billion company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $267.82 price target is reached, the company will be worth $5.21 billion 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 571,669 shares traded hands or 6.09% 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. $1000 is the highest target while $102 is the lowest. The $332.67 average target is 107.44% above today’s ($160.37) stock price. Domino’s Pizza has been the topic of 28 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Peel Hunt on Thursday, November 19 with “Add”. On Tuesday, October 6 the stock rating was maintained by Numis Securities with “Buy”. Citigroup maintained Domino’s Pizza, Inc. (NYSE:DPZ) rating on Monday, October 19. Citigroup has “Neutral” rating and $109 price target. On Thursday, October 29 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. The firm has “Neutral” rating given on Tuesday, September 13 by Citigroup. The rating was maintained by Maxim Group on Thursday, February 25 with “Buy”. The firm has “Buy” rating by Numis Securities given on Wednesday, October 14. Maxim Group maintained Domino’s Pizza, Inc. (NYSE:DPZ) rating on Tuesday, October 4. Maxim Group has “Hold” rating and $158 price target. The firm earned “Hold” rating on Friday, July 22 by Jefferies. The stock has “Hold” rating given by Evercore on Tuesday, April 5.
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 2016 Q2. Its up 0.11, from 1.07 in 2016Q1. The ratio is positive, 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.
Ww Asset Inc has invested 0.01% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ). The Missouri-based Century Cos Inc has invested 0.01% in Domino’s Pizza, Inc. (NYSE:DPZ). Numeric Lc, a Massachusetts-based fund reported 3,600 shares. Teachers Advsrs Inc accumulated 0.01% or 42,150 shares. Mizuho Asset Mngmt Coltd last reported 602 shares in the company. Moreover, Qs Ltd Com has 0% invested in Domino’s Pizza, Inc. (NYSE:DPZ) for 3 shares. Creative Planning has 0% invested in the company for 1,382 shares. Airain owns 40,728 shares or 0.31% of their US portfolio. Weaver C Barksdale Assoc reported 79 shares or 0.02% of all its holdings. Walleye Trading Ltd holds 15,186 shares or 0.01% of its portfolio. National Bank & Trust Of New York Mellon Corp holds 0.02% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ) for 589,948 shares. Wells Fargo & Mn, a California-based fund reported 76,622 shares. Legal General Gp Public Ltd Co has invested 0% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ). Zacks Inv owns 5,039 shares or 0.02% of their US portfolio. Victory Capital Mgmt holds 0% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ) for 5,253 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 3 sales for $3.63 million net activity. GOLDMAN JAMES A had sold 3,095 shares worth $457,011 on Monday, July 25. ALLISON RICHARD E JR sold $2.94 million worth of stock. The insider Hamilton Vernon O sold 1,600 shares worth $237,008.
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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