Domino’s Pizza, Inc. Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Domino’s Pizza, Inc. is a prominent global player in the pizza industry, headquartered in Ann Arbor, Michigan. As a leader in the Consumer Cyclical sector, Domino’s operates through three key segments: U.S. Stores, International Franchise, and Supply Chain. Established in 1960, the company has diversified its menu to include not just pizzas, but also oven-baked sandwiches, pasta, and desserts. Since its public listing on May 12, 2020, Domino’s has positioned itself for growth within the thriving restaurant industry, boasting a total revenue of approximately $4.61 billion. With a bullish investment recommendation, analysts predict that the stock has the potential to reach a target high price of $580.00, making it a compelling option for investors.
Market Performance & Investor Sentiment
Currently, Domino’s Pizza Inc. has 34,973,200 shares outstanding, with 1,852,128 shares shorted, which comprises about 5.98% of the float. With a market float of 36,151,355 shares, the relatively low short percentage indicates a cautiously optimistic investor sentiment towards the stock. The current trading price sits at $414.42, which is beneath the fifty-day moving average of $426.58, hinting at a potential bearish trend in the short term. Analysts have established a target mean price of $491.04, while the price range is expected to fluctuate between a target low of $380.00 and a high of $580.00. This analysis reflects a strong consensus among 30 analysts, yielding a favorable recommendation key of “buy” based on a mean recommendation score of 2.1.
Volatility & Future Outlook
Over the past year, Domino’s stock has experienced significant volatility, with a fifty-two-week high of $542.75 and a low of $330.05. Currently trading closer to its fifty-two-week low, this volatility presents both risks and opportunities for investors looking to engage with price movements. Despite short-term fluctuations, the combination of robust revenue figures and positive price projections signals a strong potential for appreciation, reinforcing the attractiveness of Domino’s Pizza stock for investors navigating the ever-changing financial landscape. Monitoring market trends and overall sentiment will be crucial for assessing the stock’s performance in the near future.
| Metric | Value |
|---|---|
| Market Cap | $14.5b |
| Total Debt | $5.3b |
| Total Cash | $295.4m |
| Shares Outstanding | 35.0m |
| Float Shares | 36.2m |
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