Domino's Pizza Inc. (NASDAQ:DPZ) is one of the top mid-cap stocks to own for decades, according to hedge funds. On June 23, BTIG ******* yst Peter Saleh reiterated a Buy rating on Domino's Pizza Inc. (NASDAQ: DPZ) but lowered the price target to $425 from $450. Despite the cut the new price target represents significant upside as the stock is trading at about $304 a share.
Jonathan Weiss/Shutterstock.com
The price target cut is in response to the company's announcement of the imminent retirement of chief executive officer Russell Wiener. He steps down after significant success during the four years at the helm, including turning around the company's US business. Weiner is to take over as the executive Chairman on October 1.
Domino's Pizza has already named Chief Operating Officer Joe Jordan as Russell's successor. Jordan was selected because of his extensive experience with the company, which will be crucial in the uncertain economic environment characterized by tight consumer spending.
Domino's Pizza, Inc. (NASDAQ:DPZ) operates as a multinational restaurant chain and franchise company. It primarily makes, sells, and delivers pizzas, pasta, wings, and side dishes. The company functions as both a franchisor (licensing the brand to independent owners) and an operator, while running central supply chain facilities that distribute ingredients to its stores.
Jonathan Weiss/Shutterstock.com
The price target cut is in response to the company's announcement of the imminent retirement of chief executive officer Russell Wiener. He steps down after significant success during the four years at the helm, including turning around the company's US business. Weiner is to take over as the executive Chairman on October 1.
Domino's Pizza has already named Chief Operating Officer Joe Jordan as Russell's successor. Jordan was selected because of his extensive experience with the company, which will be crucial in the uncertain economic environment characterized by tight consumer spending.
Domino's Pizza, Inc. (NASDAQ:DPZ) operates as a multinational restaurant chain and franchise company. It primarily makes, sells, and delivers pizzas, pasta, wings, and side dishes. The company functions as both a franchisor (licensing the brand to independent owners) and an operator, while running central supply chain facilities that distribute ingredients to its stores.
23 days ago
