Domino's stock falls despite 3Q sales growth

12 October, 2017, 23:59 | Author: Leticia Walters
  • Domino's are attempting to emulate model of its fast food competitors to combat their declining sales by introducing a new menu including breakfast and desserts

Domino's Pizza, Inc. (NYSE:DPZ) attracting analysts when it go through a change of -0.10% in the current trading session to trade at $209.24.

Now insiders hold 507,747 shares in the business which makes up 1.06% of shares.

It also has deep experience with delivery at a time when McDonald's Corp (MCD.N) and other chains are ironing out strategies in the hopes of gaining a competitive edge. (NYSE:DPZ) have been seen trading -1.19% off of the 50-day high and 19.02% away from the 50-day low.

Domino's Pizza, Inc. also gives a date for its quarterly dividend in its most recent earnings report. Vanguard Group Inc is the second biggest holder with 4 million shares now valued at 881.01 million whilst Renaissance Technologies Corp has 3 million shares valued at 647.47 million. Renaissance Technologies LLC grew its holdings in Domino's Pizza by 43.7% during the second quarter. About 3.05 million shares traded or 59.69% up from the average. Peel Hunt maintained Domino's Pizza Group PLC.

More news for Domino's Pizza Group PLC. These investors pumped up the stock over the last few weeks and were expecting a bigger earnings beat than what was reported. Credit Suisse maintained it with "Outperform" rating and GBX 265 target in Tuesday, October 10 report. They now have a GBX 250 ($3.29) price objective on the stock.

Domino's Pizza Group PLC. On Wednesday, December 14 the stock rating was maintained by Berenberg with "Buy". Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The current consensus recommendation provided by covering analysts is 2.80.

Since the beginning of the calendar year, the stock is -4.95%. The stock has a 50 day moving average price of $192.64 and a 200 day moving average price of $196.16.

Beta is used to measure a stock's price volatility relative to the market. (NYSE:DPZ)'s stock has performed 37.31%.

Domino's Pizza Inc, the biggest USA pizza delivery chain, reported slower same-store sales growth in the third quarter, sending its shares down 3 percent in pre-market trade.

Looking forward, for the quarter ending Dec-17, 15 analysts have a mean sales target of 904.70 million. Finally, Investec reaffirmed a "sell" rating and set a GBX 242 ($3.18) target price on shares of Domino's Pizza Group PLC.in a research report on Tuesday, August 1st.

In an analyst note revealed to investors this morning, Credit Suisse reconfirmed their Outperform rating on Domino's Pizza Group (LON:DOM) shares.

Revenue at the Ann Arbor, Mich. -based pizza chain increased 13.6 percent, to $643.6 million, from $566.7 million the previous year.

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