Worth Watching: Could Domino’s Pizza, Inc. See a Reversal After Breaking All Highs?

Worth Watching: Could Domino's Pizza, Inc. See a Reversal After Breaking All Highs?

The stock of Domino’s Pizza, Inc. (NYSE:DPZ) reached all time high today, Nov, 25 and still has $177.43 target or 3.00% above today’s $172.26 share price. This indicates more upside for the $8.38B company. This technical setup was reported by Barchart.com. If the $177.43 PT is reached, the company will be worth $251.40M 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. The stock increased 1.00% or $1.7 during the last trading session, hitting $172.26. About 276,607 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 $69.57 million for 30.12 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 rating was initiated by Evercore on Tuesday, April 5 with “Hold”. The firm has “Buy” rating given on Friday, October 14 by Bank of America. Maxim Group downgraded Domino’s Pizza, Inc. (NYSE:DPZ) rating on Tuesday, April 12. Maxim Group has “Hold” rating and $138 price target. Maxim Group maintained the shares of DPZ in a report on Monday, January 18 with “Buy” rating. The stock has “Add” rating given by Peel Hunt on Thursday, November 19. The stock of Domino’s Pizza, Inc. (NYSE:DPZ) earned “Buy” rating by Maxim Group on Friday, August 28. The rating was maintained by Nomura with “Neutral” on Wednesday, October 19. The stock has “Conviction Buy” rating given by Goldman Sachs on Thursday, October 29. The company was maintained on Tuesday, September 13 by Citigroup. As per Monday, October 12, the company rating was maintained 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 decreased to 1.04 in Q2 2016. Its down 0.14, from 1.18 in 2016Q1. The ratio fall, 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.
Nomura Asset Mngmt holds 5,380 shares or 0.01% of its portfolio. Regentatlantic Cap Limited Liability Co, a New Jersey-based fund reported 16,346 shares. Whittier Of Nevada last reported 375 shares in the company. Panagora Asset Mgmt Inc last reported 19,028 shares in the company. Vanguard Incorporated holds 0.03% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ) for 3.61 million shares. Liberty Mutual Gru Asset Management Inc owns 21,627 shares or 0.1% of their US portfolio. Central Bancorp And Trust has 1.35% invested in the company for 35,831 shares. Cambridge Advisors accumulated 1,844 shares or 0.01% of the stock. Td Asset Mgmt last reported 4,700 shares in the company. Moreover, Rhumbline Advisers has 0.03% invested in Domino’s Pizza, Inc. (NYSE:DPZ) for 88,409 shares. Walleye Trading Ltd holds 0.01% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ) for 15,186 shares. Jacobs Levy Equity last reported 0.08% of its portfolio in the stock. Alliancebernstein Lp holds 0% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ) for 36,775 shares. Comerica Bank holds 0.04% or 34,633 shares in its portfolio. Northern has invested 0.02% of its portfolio in Domino’s Pizza, Inc. (NYSE:DPZ).

Insider Transactions: Since July 25, 2016, the stock had 0 insider purchases, and 5 sales for $7.59 million net activity. Hamilton Vernon O had sold 4,000 shares worth $661,136 on Friday, October 21. $2.94 million worth of Domino’s Pizza, Inc. (NYSE:DPZ) shares were sold by ALLISON RICHARD E JR. GOLDMAN JAMES A also sold $457,011 worth of Domino’s Pizza, Inc. (NYSE:DPZ) shares.

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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