Domino’s Pizza Received its Third Buy in a Row

By Austin Angelo

After Longbow Research and Nomura assigned a Buy rating to Domino’s Pizza in the last month, the company received another Buy, this time from Maxim Group. Analyst Stephen Anderson reiterated a Buy rating on Domino’s Pizza (NYSE: DPZ) yesterday and set a price target of $240. The company’s shares closed yesterday at $192.87.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 9.5% and a 67.9% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Popeyes Louisiana Kitchen.

Currently, the analyst consensus on Domino’s Pizza is Moderate Buy and the average price target is $213.71, representing a 10.8% upside.

In a report issued on December 12, Stifel Nicolaus also reiterated a Buy rating on the stock with a $225 price target.

Based on Domino’s Pizza’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $644 million and quarterly net profit of $56.37 million. In comparison, last year the company earned revenue of $567 million and had a net profit of $47.23 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Earlier this month, LAWRENCE JEFFREY D, the CFO of DPZ sold 17,000 shares for a total of $3,142,772.

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.