Noteworthy Price Action: Could Domino’s Pizza, Inc. See a Reversal After Breaking Its 52-Week High?

Noteworthy Price Action: Could Domino's Pizza, Inc. See a Reversal After Breaking Its 52 Week High?

The stock of Domino’s Pizza, Inc. (NYSE:DPZ) hit a new 52-week high and has $218.37 target or 30.00% above today’s $167.98 share price. The 9 months bullish chart indicates low risk for the $8.00B company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $218.37 price target is reached, the company will be worth $2.40 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 130,991 shares traded hands. Domino’s Pizza, Inc. (NYSE:DPZ) has risen 27.07% since March 31, 2016 and is uptrending. It has outperformed by 24.55% 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. $1000 is the highest target while $102 is the lowest. The $321.50 average target is 91.39% above today’s ($167.98) stock price. Domino’s Pizza has been the topic of 31 analyst reports since August 28, 2015 according to StockzIntelligence Inc. On Wednesday, October 14 the stock rating was maintained by Numis Securities with “Buy”. The firm earned “Hold” rating on Monday, September 21 by Zacks. The stock has “Buy” rating given by Maxim Group on Monday, January 18. The firm has “Hold” rating given on Friday, July 22 by Jefferies. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) has “Buy” rating given on Thursday, October 1 by Nomura. Maxim Group maintained it with “Hold” rating and $158 target price in Tuesday, October 4 report. As per Friday, October 14, the company rating was upgraded by Bank of America. The rating was maintained by BTIG Research on Wednesday, October 19 with “Buy”. Maxim Group maintained the shares of DPZ in a report on Friday, July 22 with “Hold” rating. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) has “Hold” rating given on Wednesday, October 19 by Maxim Group.

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 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.
Ahl Prtn Llp accumulated 2,522 shares or 0.02% of the stock. Nokota Management Limited Partnership reported 153,351 shares or 0.76% of all its holdings. Nordea Investment Mngmt Ab has 0% invested in the company for 1,388 shares. Daiwa Securities Incorporated reported 1,100 shares or 0% of all its holdings. Nationwide Fund owns 155,846 shares or 0.09% of their US portfolio. Arrow Fincl holds 0.43% or 12,500 shares in its portfolio. Eulav Asset Mngmt has 87,200 shares for 0.63% of their US portfolio. British Columbia Investment Management holds 33,004 shares or 0.04% of its portfolio. Catalyst Capital Advsr Ltd Limited Liability Company owns 535 shares or 0.01% of their US portfolio. Schwab Charles Invest Management has 144,747 shares for 0.02% of their US portfolio. Dorsey Wright And Assoc holds 5,571 shares or 0.39% of its portfolio. Moreover, Price T Rowe Assoc Md has 0.01% invested in Domino’s Pizza, Inc. (NYSE:DPZ) for 370,955 shares. Swiss Bank has 141,000 shares for 0.03% of their US portfolio. Ardevora Asset Mngmt Llp holds 1.31% or 239,700 shares in its portfolio. Gulf Intll Financial Bank (Uk) has 14,850 shares for 0.03% of their US portfolio.

Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 5 selling transactions for $7.59 million net activity. Shares for $2.94 million were sold by ALLISON RICHARD E JR on Friday, August 19. On Friday, October 21 the insider Hamilton Vernon O sold $661,136. Shares for $457,011 were sold by GOLDMAN JAMES A on Monday, July 25.

More recent Domino’s Pizza, Inc. (NYSE:DPZ) news were published by: Seekingalpha.com which released: “Is Domino’s Pizza In Danger Of Crashing?” on November 02, 2016. Also Prnewswire.com published the news titled: “Domino’s Pizza® Announces Third Quarter 2016 Financial Results” on October 18, 2016. Prnewswire.com‘s news article titled: “How These Restaurants Stocks are Faring? — Domino’s Pizza, MedEquities Realty …” with publication date: October 31, 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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