J.P. Morgan Sticks to Its Hold Rating for Domino’s Pizza (DPZ)

J.P. Morgan analyst John Ivankoe maintained a Hold rating on Domino’s Pizza (DPZResearch Report) on October 12 and set a price target of $320.00. The company’s shares closed yesterday at $317.34.

According to TipRanks, Ivankoe is a 5-star analyst with an average return of 9.5% and a 63.45% success rate. Ivankoe covers the Services sector, focusing on stocks such as McDonald’s, Starbucks, and Sweetgreen.

In addition to J.P. Morgan, Domino’s Pizza also received a Hold from Argus Research’s John Staszak in a report issued yesterday. However, on the same day, BMO Capital assigned a Buy rating to Domino’s Pizza (NYSE: DPZ).

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DPZ market cap is currently $11.23B and has a P/E ratio of 25.69.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DPZ in relation to earlier this year.

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 company, which operates a network of company-owned and franchise-owned stores in the U.S. and international markets. It operates though the following three segments: U.S. Stores, International Franchise and Supply Chain. The U.S. Stores segment consists primarily of franchise operations. The International Franchise segment comprises of a network of franchised stores. The Supply Chain segment operates regional dough manufacturing and food supply chain centers. The company was founded by James Monaghan and Thomas Stephen Monaghan in 1960 and is headquartered in Ann Arbor, MI.

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