Nomura Downgrades Domino's Pizza to Neutral

Brokerage firm Nomura Downgrades its rating on Domino's Pizza(NYSE:DPZ). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Nomura was issued on Jun 22, 2016.

In a different note, Evercore ISI Group said it Initiates Coverage on Domino's Pizza, according to a research note issued on Apr 5, 2016. The shares have been rated ‘Hold’ by the firm.

Domino's Pizza (DPZ) shares turned negative on Mondays trading session with the shares closing down -2.89 points or -2.31% at a volume of 11,14,569. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $124.61. The peak price level was also seen at $124.61 while the days lowest was $120.97. Finally the shares closed at $122.08. The 52-week high of the shares is $140.8 while the 52-week low is $99. According to the latest information available, the market cap of the company is $6,123 M.

Domino's Pizza(DPZ) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $539.17M. Analysts had an estimated revenue of $544.66M. Earnings per share were $0.89. Analysts had estimated an EPS of $0.98.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, J Patrick Doyle (President and CEO) sold 200,000 shares at $134.01 per share price.Also, On Mar 9, 2016, Russell J Weiner (President, Domino’s U.S.A.) sold 60,000 shares at $133.88 per share price.On Mar 7, 2016, Jeffrey D Lawrence (Chief Financial Officer) sold 13,500 shares at $133.63 per share price, according to the Form-4 filing with the securities and exchange commission.

Domino’s Pizza Inc. is a pizza retail chain. The Company operates pizza stores at 11900 locations in over 80 markets. The Company operates in three business segments: domestic stores international franchise and supply chain. The Company’s Domestic Stores segment consists primarily of its franchise operations through which the Company operates network of 4722 franchised stores located in the United States. The Company’s International Franchise segment is comprised of a network of franchised stores in more than 80 international markets. The Company supply chain segment operates 16 regional dough manufacturing and food supply chain centers in the contiguous United States. Its basic menu features pizza products in various sizes and crust types. Its store also offers oven-baked sandwiches pasta boneless chicken and wings bread side items desserts and Coca-Cola soft drink products.

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