Domino's stock falls despite 3Q sales growth

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Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Maxim Group maintained Domino's Pizza, Inc. The stock has climbed 37 percent in the last 12 months. "Higher same store sales and store count growth in both our domestic and worldwide markets also contributed to the increase in revenues", the company added. The stock decreased 0.02% or $0.05 during the last trading session, reaching $209.24.

Domino's Pizza, Inc. (NYSE:DPZ) early Thursday posted market beating third quarter earnings results, amid strong comps growth and store expansion.

Looking forward, for the quarter ending Dec-17, 15 analysts have a mean sales target of 904.70 million. Barclays Capital maintained Domino's Pizza Group PLC. As we had expected, DPZ entered into a $1.0 billion accelerated share buyback as part of this program; there is $250 million remaining.

Heading into the earnings release, covering sell-side analysts have a consensus target price of $212.31 on Domino's Pizza, Inc. shares. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 0.88%. Prior to today, Domino's stock had been on a tear, rallying roughly 20% from its August lows amid a sea of skepticism.

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Revenue at the Ann Arbor, Mich. -based pizza chain increased 13.6 percent, to $643.6 million, from $566.7 million the previous year. This buyback authorization permits the restaurant operator to repurchase up to 13.5% of its shares through open market purchases.

A number of research analysts have issued reports on the stock. The rating was maintained by Berenberg on Wednesday, August 24 with "Buy". About shares traded. Domino's Pizza, Inc. (LON:DOM) news was published by Thestreet.com which published an article titled: "Domino's Pizza Group Launches Amazon Echo Ordering Service as UK Earnings Go Large" on July 25, 2017. The firm has "Buy" rating by Maxim Group given on Friday, August 28. The company has an average rating of "Hold" and a consensus price target of $199.46. And with the stock still up 31% in 2017, he prefers "to wait for a deeper pullback before recommending DPZ shares". If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. and worldwide trademark and copyright law.

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Domino's Pizza Group plc is a United Kingdom pizza delivery company.

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