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Domino's Falls Following Negative Sales Growth Report

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Domino's Falls Following Negative Sales Growth Report
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Domino’s Pizza, Inc. (NYSE: DPZ) plummeted 4.4 percent Friday after research firm M Science posted sales estimates well below consensus.

M Science forecasts first-quarter, year-over-year sales growth between 11.1 percent and 12.1 percent compared to the consensus of 14.6 percent.

The prediction is notable considering Domino’s time-tested strength. The company has reported continuous comps growth quarter after quarter, and its stock has soared 2,422 percent since 2009.

Around The Street

Five research firms maintain Buys ratings on Domino’s stock, while an additional eight offer Holds. The average price target is about $166.90.

Despite the mix of neutral and positive outlook, Domino’s hasn't entirely evaded criticism, having been shaken by Lemelson Capital in recent months.

Representatives from Domino's were unavailable for comment regarding the report.

The stock was trading around $177.91 at the time of publication.

Related Links:

Yum Brands CEO Acknowledges Ongoing Woes At Pizza Hut Chain

White Lace And Pepperoni: You Can Now Register Your Wedding With Domino’s

Posted-In: M ScienceAnalyst Color Restaurants Movers Trading Ideas General Best of Benzinga

 

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