Maxim Group Sticks to Its Buy Rating for Domino’s Pizza (DPZ)


Maxim Group analyst Stephen Anderson maintained a Buy rating on Domino’s Pizza (DPZ) today and set a price target of $310. The company’s shares closed yesterday at $258.94.

Anderson observed:

“We maintain our Buy rating and $310 price target on Domino’s Pizza (DPZ) following the company’s analyst day presentation in Orlando yesterday.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.1% and a 66.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Domino’s Pizza with a $294.43 average price target, which is a 13.7% upside from current levels. In a report issued on January 11, Cowen & Co. also initiated coverage with a Buy rating on the stock with a $290 price target.

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Based on Domino’s Pizza’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of $84.1 million. In comparison, last year the company had a net profit of $93.33 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Richard Allison, the CEO of DPZ sold 5,000 shares for a total of $1,396,550.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Domino’s Pizza, Inc. is a pizza delivery company, which operates a network of company-owned and franchise-owned stores in the U.S. and international markets. The company operates though the following segments: Domestic Stores, Supply Chain and International Franchise.

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