The stock of Domino’s Pizza, Inc. (NYSE:DPZ) hit a new 52-week high and has $209.54 target or 23.00% above today’s $170.36 share price. The 7 months bullish chart indicates low risk for the $8.22 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $209.54 price target is reached, the company will be worth $1.89B 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. The stock increased 0.87% or $1.47 during the last trading session, hitting $170.36. About 526,723 shares traded hands. Domino’s Pizza, Inc. (NYSE:DPZ) has risen 23.95% since April 7, 2016 and is uptrending. It has outperformed by 19.16% 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. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) has “Buy” rating given on Friday, January 15 by Maxim Group. The company was maintained on Thursday, October 15 by Beaufort Securities. BTIG Research maintained Domino’s Pizza, Inc. (NYSE:DPZ) on Wednesday, October 19 with “Buy” rating. The firm earned “Buy” rating on Friday, August 28 by Maxim Group. As per Thursday, February 25, the company rating was maintained by Maxim Group. The rating was maintained by Jefferies on Friday, July 22 with “Hold”. The stock has “Hold” rating given by Evercore on Tuesday, April 5. The company was maintained on Tuesday, October 6 by Numis Securities. On Monday, October 12 the stock rating was maintained by Maxim Group with “Buy”. The rating was maintained by Maxim Group on Wednesday, October 19 with “Hold”.
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.
The Sweden-based Nordea Investment Management has invested 0% in Domino’s Pizza, Inc. (NYSE:DPZ). Cwm Limited Liability Corporation accumulated 0% or 134 shares. Moreover, Tower Research Cap Limited Liability Corporation (Trc) has 0.02% invested in Domino’s Pizza, Inc. (NYSE:DPZ) for 1,813 shares. Numeric Limited Liability Corp last reported 3,600 shares in the company. Prudential owns 29,947 shares or 0.01% of their US portfolio. Walleye Trading Ltd last reported 15,186 shares in the company. Point72 Asset Mngmt Lp accumulated 386,600 shares or 0.35% of the stock. Advisory Services Network Lc holds 0% or 31 shares in its portfolio. Cibc Asset Mgmt, a Ontario – Canada-based fund reported 1,588 shares. Great West Life Assurance Can reported 16,049 shares or 0.01% of all its holdings. Ardevora Asset Management Limited Liability Partnership last reported 239,700 shares in the company. The New York-based Goldman Sachs Inc has invested 0.01% in Domino’s Pizza, Inc. (NYSE:DPZ). Voya Inv Mngmt Limited Liability Corp, a Georgia-based fund reported 488,894 shares. Maplelane Cap Limited Liability owns 30,001 shares or 0.17% of their US portfolio. Employees Retirement Association Of Colorado has 12,798 shares for 0.01% of their US portfolio.
Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 5 sales for $7.59 million net activity. 3,095 shares were sold by GOLDMAN JAMES A, worth $457,011. Hamilton Vernon O sold 4,000 shares worth $661,136. 20,000 shares were sold by ALLISON RICHARD E JR, worth $3.30M on Thursday, October 20.
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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