The Zacks Investment Research Upgrades Domino's Pizza Inc (DPZ) to Hold

"Domino's Pizza, Inc. (DPZ) Receives $162.65 Consensus Price Target from Brokerages" was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another domain, it was stolen and republished in violation of U.S. and global copyright and trademark laws. Domino's Pizza presently has a consensus rating of "Hold" and a consensus target price of $163.11. The original version of this news story can be viewed at Domino's Pizza has a 1-year low of $104.18 and a 1-year high of $184.10. Cupps Capital Management LLC now owns 23,620 shares of the company's stock worth $3,103,000 after buying an additional 5,425 shares in the last quarter.

Domino's Pizza (NYSE:DPZ) last posted its quarterly earnings data on Tuesday, October 18th.

Other equities research analysts also recently issued research reports about the company. The firm has a 50-day moving average price of $167.27 and a 200-day moving average price of $158.85. The stock has a market capitalization of $8.80 billion, a PE ratio of 45.49 and a beta of 0.65.

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Domino's said a net 1,110 Domino's outlets were opened outside the United States in the quarter, while a net 171 outlets were opened in the United States. Domino's Pizza Inc (NASDAQ:DPZ) has risen 21.05% over the past 6 months and is uptrending. KeyCorp upgraded Domino's Pizza from a "sector weight" rating to an "overweight" rating and set a $200.00 target price on the stock in a research note on Friday, January 20th. Zacks Investment Research lowered Domino's Pizza from a "buy" rating to a "hold" rating in a research note on Friday, December 23rd. Stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 12 analysts given HOLD rating to the stock. The stock appeared $189.88 above its 52-week highs and is down -1.34% for the last five trades. O Shaughnessy Asset Management LLC now owns 1,076 shares of the company's stock valued at $141,000 after buying an additional 873 shares in the last quarter. Hedge funds and other institutional investors own 91.75% of the company's stock. Compagnie Lombard Odier SCmA raised its stake in Domino's Pizza by 850.0% in the second quarter.

Domino's delivery model fits with the shifting restaurant industry, with several fast-food chains just starting to look at options like delivery and online ordering to cater to those with less patience for waiting in lines at stores.

Previously, Domino's CEO Patrick Doyle has said the company is positioned to take market share from smaller players in the pizza industry, which is more fragmented than the burger industry. Same-store sales were up 4.3% for the worldwide side of the business.

  • Darren Santiago