Domino's Pizza Analyst Starts Coverage Optimistically; Check Out Tuesday's Top 5 Initiations
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Analyst Ratings Overview: Top Wall Street analysts have recently updated their ratings on several companies, including upgrades, downgrades, and new initiations.
Neptune Insurance Holdings: Deutsche Bank analyst Cave Montazeri initiated coverage with a Buy rating and a price target of $29, while shares closed at $25.50.
Wendy’s Co: Mizuho analyst Nick Setyan initiated coverage with an Underperform rating and a price target of $8, with shares closing at $8.93.
Domino’s Pizza Inc: Mizuho analyst Nick Setyan also initiated coverage with an Outperform rating and a price target of $500, while shares closed at $412.70.
Analyst Views on DPZ
Wall Street analysts forecast DPZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DPZ is 500.20 USD with a low forecast of 405.00 USD and a high forecast of 545.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
13 Buy
7 Hold
1 Sell
Moderate Buy
Current: 407.380
Low
405.00
Averages
500.20
High
545.00
Current: 407.380
Low
405.00
Averages
500.20
High
545.00
About DPZ
Domino’s Pizza, Inc. is a pizza company with a significant business in both delivery and carryout. The Company operates through three segments: U.S. stores, international franchise, and supply chain. The U.S. stores segment is comprised primarily of its franchise operations, which consists of franchised stores located in the United States. The segment also operates a network of United States Company-owned stores. The international franchise segment primarily includes operations related to the Company’s franchising business in foreign markets. The supply chain segment primarily includes the distribution of food, equipment and supplies to stores from the Company’s supply chain center operations in the United States and Canada. It is primarily a franchisor, with approximately 99% of its global stores owned and operated by its independent franchisees. In its international markets, the Company generally grants geographical rights to the Domino’s Pizza brand to master franchisees.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
