|Bid||0.00 x 800|
|Ask||298.59 x 1000|
|Day's Range||295.39 - 301.77|
|52 Week Range||220.90 - 302.05|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||32.72|
|Earnings Date||Feb 19, 2020|
|Forward Dividend & Yield||2.60 (0.89%)|
|Ex-Dividend Date||Dec 11, 2019|
|1y Target Est||300.23|
Domino’s stock has been a big stock market winner, and DPZ stock has been showing improved relative strength ahead of its Q4 report.
Domino's (NYSE: DPZ), the largest pizza company in the world based on global retail sales, is rolling out the red carpet for carryout customers! Domino's new Pie Pass technology allows customers who order and pay online to skip the line and grab their order.
With a booming economy, one of the natural places for people seeking growth opportunities are food and restaurant stocks. Under belt-tightening conditions, you'll typically see more demand for discount-centric businesses. But as it stands, the headline numbers are positive -- bolstering the case for the wider restaurant industry.That said, I'd be remiss not to mention the inherent risks of the coronavirus from China. At the latest count -- and this will surely change for the worse - over 60,000 cases are confirmed, with at least 1,300 dead. Moreover, business consultancy firm Bain & Co. estimates that China's GDP for this year could be negatively impacted to the tune of $43 billion to $72 billion. Obviously, that's not the greatest news for restaurant stocks, especially those with exposure to China.On the flipside, food and restaurant stocks benefit from demographic realities. According to the Pew Research Center, millennials represent the largest generation in the workforce. While they may not be the richest generation -- that still belongs to the baby boomers -- they have cash flow due to their employment status.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs studies have shown, just their presence alone is creating changes in the food-service industry. Further, experts in the space predict that millennials will be the biggest food and beverage spenders within a decade. So, while the coronavirus presents an immediate threat, restaurant stocks are riding a much longer-term bullish wave.Plus, fears about the coronavirus may offer discounted opportunities in various food stocks. At some point, health officials will get a hold of the crisis. And when they do, the narrative will presumably shift positively. * 20 Stocks to Buy From the Law of Accelerating Returns So, with that in mind, here are nine food and restaurant stocks to buy that investors should dine in on. Food and Restaurant Stocks to Buy: Domino's Pizza (DPZ)Source: Ken Wolter / Shutterstock.com At first glance, Domino's Pizza (NYSE:DPZ) doesn't appear to be a viable name among restaurant stocks to buy.After all, studies suggest that millennials prefer fresh and healthy foods. And that trend may "exacerbate" for fast-food eateries, as older millennials become parents. Still, I think you should consider DPZ stock for one very important reason: Americans love pizza!In 2012, pizza restaurant sales totaled $36.8 billion. By 2019, this figure increased to $46.3 billion. With few exceptions, sales have steadily risen every year. More importantly for DPZ stock, Domino's has a massive footprint in the U.S. In 2018, the company rang up $6.59 billion domestically, beating out big names like Yum! Brands' (NYSE:YUM) Pizza Hut and Papa John's (NASDAQ:PZZA). McDonald's (MCD)Source: 8th.creator / Shutterstock.com McDonald's (NYSE:MCD) is in a similar boat with Domino's in that MCD stock doesn't immediately appear a strong candidate for a restaurant stocks to buy.Given millennial consumers' penchant for healthy foods, the Golden Arches is basically the Donald Trump of fast food. In other words, it's the opposite of what the modern consumer wants.However, fast-food consumption has accelerated over the years, presumably because economic and labor force conditions warrant such expenditures. Therefore, there are more people that eat fast food at least one to three times per week versus those who eat less than once per week. * The Top 3 Infrastructure Stocks to Own in 2020 Combined with McDonald's efforts into making their stores more technology friendly, MCD stock may offer healthy, longer-term performance. Darden Restaurants (DRI)Source: Shutterstock Many names have stumbled due to the coronavirus causing a direct impact to their businesses. However, Darden Restaurants (NYSE:DRI) is not one of them. In fact, DRI stock has performed very well since the beginning of January -- up 12% year-to-date. Part of the reason is that Darden isn't as levered to the international markets as other competing restaurant stocks.However, another key reason for bullishness in DRI stock is that Americans today prefer to eat out. Studies show that consumers would rather eat out consistently than to only visit a restaurant once a month, which is a minority segment.This makes Darden's decision to expand their physical footprint rather prescient. And, it makes DRI another one of the great restaurant stocks to buy. Cheesecake Factory (CAKE)Source: Lester Balajadia / Shutterstock.com If there's any name that could benefit from sustained economic momentum, it's Cheesecake Factory (NASDAQ:CAKE).Since early 2017, CAKE stock has generally traded in a bearish trend channel. However, with more people willing to spend their discretionary income on restaurants, Cheesecake Factory may finally get back on its feet and move forward.Additionally, another factor that distinguishes CAKE stock from other restaurant stocks is the underlying company's footprint. It's not so much how many but where they are located. Typically, Cheesecake Factory restaurants are located in happening retail outlets in major metropolitan areas. * 3 Mid-Cap Growth Stocks to Buy So, don't be surprised to see CAKE trek higher -- especially if this economic growth holds up. Kroger (KR)Source: Jonathan Weiss / Shutterstock.com Despite present enthusiasm for dining out, preparing dinner and other meals at home is a financial necessity for most. Even if you can afford to eat out every day, the margins that you bleed for visiting your favorite restaurants does not make sense.Therefore, Kroger (NYSE:KR) and KR stock benefits from a longer-term secular bull thesis.However, Amazon (NASDAQ:AMZN) you say? The tech company has been involved with order groceries online, and curb-side pickups. But, while the disruption of e-commerce trends in the grocery space is a concern, it might take years for full integration. According to a 2018 Gallup poll, customers prefer buying their groceries themselves. This makes sense because you're putting the product in your body, which augurs well for KR stock.Therefore, food stocks like Kroger are still relevant. Uber Technologies (UBER)Source: Shutterstock When people think about food stocks, Uber Technologies (NYSE:UBER) may not immediately come to mind.However, the ride-sharing giant and overall tech disruptor is more than just a revolutionary platform to bring folks from point A to point B. Instead, UBER stock represents a lifestyle investment, with significant implications for the food industry.As you know, few other names like UBER stock is emblematic of the gig economy. And for those who ply their trade in this burgeoning sector, time is money. Honestly, it makes sense that if you're going to eat out anyways, you might as well pay a premium to save the hassle. * How One Innovative Company Escaped Getting 'Blockbustered' I've personally tried Uber Eats, the company's food delivery service and the results are very impressive. Kura Sushi (KRUS)Source: Shutterstock Due to extreme panic of the coronavirus epidemic, many Chinese restaurants in the U.S. and globally have suffered sharp sales declines. Now, I viewed this as an opportunity to visit my favorite Japanese restaurants. But let's face it: to most Americans, it's all the same stuff.Boy, was I wrong! Japanese establishments in my city are packed to the hilt, just like they've always been. I believe this is a huge opportunity for Kura Sushi (NASDAQ:KRUS). As one of the most popular culinary options in America, KRUS stock has natural upside.Additionally, Kura came to fame because of its conveyer-belt delivery system. Just punch in what you want on the ordering system, and you have your menu item whisked to you. It's a fun and technologically-advanced way of enjoying sushi -- which is a net positive for KRUS stock. Noodles & Co (NDLS)Source: Ken Wolter / Shutterstock.com In the markets, you'll often hear the phrase, don't fight the tape. Even if a phenomenon doesn't make sense, if it's part of a larger trend, don't bet against it. Well, the investment thesis for Noodles & Co (NASDAQ:NDLS) fortunately makes a lot of sense. Americans love their pasta and noodles, which bodes well for NDLS stock.Moreover, Noodles & Co should appeal to a broad consumer base. Go into one of their restaurants and you'll find a plethora of options, ranging from the Italian-based classics to Asian noodles to of course the American favorite: mac and cheese. * 9 Excellent Vacation Stocks to Buy This culinary diversity truly fits well with the equally diverse millennial demographic, which should serve NDLS stock well down the road. Shake Shack (SHAK)Source: JHENG YAO / Shutterstock.com Perhaps no other rivalry epitomized the bitter feud between east and west coasts than 2Pac and the Notorious B.I.G. But in the culinary world, we have two burger joints going head-to-head: California's favorite In-N-Out Burger and New York's Shake Shack (NYSE:SHAK).Unlike musical preferences, this fight has a clear winner: SHAK stock.For one thing, Shake Shack is a publicly traded company whereas In-N-Out will never go that route. Second, Shake Shack resonates with millennial diners seeking an experience. Unlike the simple, perhaps spartan decor of In-N-Out, Shake Shack's interiors are far classier and modern.Apparently, Shake Shack's burgers are amazing and worth their premium price tags. And that's another win for SHAK stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 U.S. Stocks to Buy on Coronavirus Weakness * 7 Smart Blue-Chip Stocks to Buy Now * 7 Low-Volatility Stocks to Buy In Jittery Times The post 9 Food and Restaurant Stocks to Dine In On appeared first on InvestorPlace.
Domino's Pizza (DPZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The company said it will sell its entire 71% shareholding in the Norway business in return for the buyers' entire stake in its Swedish operations and a nominal amount of 1 Norwegian crown ($0.1081). The transfer of shares will give Domino's Pizza Group full ownership of its Swedish operations, enabling it to sell its business there. "Now we have agreed the transaction for Norway, we will focus on progressing transactions for our businesses in Sweden, Switzerland and Iceland," Chief Executive Officer David Wild said.
There’s a lot going on in the markets, and the only certainty is uncertainty. To cut through the fog, investment bank Goldman Sachs has been releasing reports on the stocks that it believes will bring returns to investors despite a cloudy economic horizon.David Kostin, Chief U.S. Equity Strategist at Goldman, believes that the Coronavirus outbreak won't have a lasting impact on the markets, and said in a note, “Investors who believe the economic consequences of the coronavirus will be limited should increase exposure to cyclicals and value stocks.”With this in mind, we pulled up three of Goldman Sachs’ recent stock picks which the renowned investment bank thinks can soar in the coming months. Using TipRanks’ Stock Comparison tool, we were able to read the fine print on what 2020 has in store for the three tickers. Let’s take a closer look.Simply Good Foods Company (SMPL)We’ll start with a mid-cap food and snack business, Simply Good Foods. In business since 2017, when it was formed through a corporate merger, Simply Good Foods develops and markets nutritional snacks and foods. The company operates in Colorado and Connecticut, where it offers nutrition bars, ready-to-drink shakes, and confectionery products under the Atkins and Simply Protein brand names.Early in January, SMPL released its fiscal Q1 earnings results, and the numbers showed that the nutritious snack business is solid in the Rockies’ Front Range. Revenues were way up year-over-year, coming in at $152.15 million, for a 26% annual gain. EPS was also strong. At 22 cents, it was up 22% year-over-year, and 4.7% above the forecast. It was the third time in a year that SMPL beat the EPS forecast.In the second half of 2019, SMPL completed its acquisition of competitor Quest Nutrition. The move cost SMPL $1 billion, which the company paid through a combination of cash and credit. It’s important to note that SMPL racked up its earnings and revenue annual gains while adding $460 million to its outstanding loan balance. SMPL management has plans in place to pay down a large portion of the debt during fiscal 2020.Goldman analyst Jason English is bullish on SMPL, adding the stock to his firm’s Conviction List. The analyst wrote, “We add Buy-rated SMPL to the Americas Conviction List given its portfolio of advantaged brands, especially in the bars segment, and reiterate our Buy rating on BRBR given the appeal of its Premier Protein brand. We see compelling fundamental rooted upside for both, as well as M&A optionality."English backs his Buy rating with a $34 price target, suggesting an upside potential here of 41% in the coming year. (To watch English’s track record, click here)SMPL has the luxury of a unanimous Strong Buy consensus rating. The average price target, $33, gives the stock an impressive 37% upside from the current share price of $24.06. (See Simply Good Foods stock analysis on TipRanks)WW International, Inc. (WW)Next up is Weight Watchers, the well-known diet program. What is less well-known about the company is that it is a billion-dollar empire, founded not just on weight loss programs and products, but also on fitness programs and healthy habits assistance. The company’s programs are designed to steer customers towards better overall health and wellness, not just weight loss – and the company brings in over $1.5 billion in annual revenues, based on customer subscriptions.In September 2018, Weight Watchers rebranded itself, using the initials WW as the name, to emphasize the shift to health and wellness. The move was well received in the industry, and WW has shown steady earnings in 2H19. In Q3, the company brought in $348.6 million in revenue, and showed EPS of 68 cents, beating the forecast by 1.5%.Looking ahead to Q4, the forecast predicts a sequential drop but continued year-over-year gains. EPS is expected at 37 cents. To put the quarter in context, the company has a history of stronger Q1 and Q2 performances, followed by lower second-half numbers. In other good news for the company, in December WW announced that it will be extending its partnership with Oprah Winfrey into the year 2025.Jason English, quoted above on SMPL, also reviews WW for Goldman Sachs. Looking at the stock’s prospects going forward, he wrote, “WW’s fundamental (and stock price) performance has historically run in cycles. Positive inﬂections in these cycles have typically been accompanied by multifaceted layers of new news to engage the consumer… On the back of our increased subscriber growth rate assumptions, our FY20 EPS expectations rise 47% and now rest 20% ahead of FactSet consensus… we also see potential for WW’s valuation to re-rate higher…”Seeing a discount in the stock at current prices, and strong positive prospects with the continuance of the Oprah partnership, English upgraded his stance on WW from Neutral to Buy. Supporting this, he gives the stock a $48 price target, implying a strong upside of 28%. (To watch English’s track record, click here)WW shares get an even split from Wall Street, with 3 Buys and 3 Holds averaging out to a Moderate Buy consensus rating. Shares are selling for $37.34, and the average price target, $43.40, indicates room for 17% growth to the upside in the next 12 months. (See WW stock analysis on TipRanks)Domino’s Pizza, Inc. (DPZ)The last stock on our list might seem incongruous, after health snacks and Weight Watchers, but Dominos Pizza has long been a staple of the stock markets. And, for the last two years, the company has been the world’s largest pizza delivery chain, by sales volume. The Ann Arbor, Michigan based company brings in approximately $3.5 billion in annual revenue – which is a whole lot of pizza served.Domino’s has been feeling pressure in the past year from the advent of third-party delivery companies (think GrubHub or Uber), which have been cutting into the fast-food industry’s margins. Domino’s image is built on fast delivery – a promise it has held to since the 1990s. The company has pushed back, with PR initiatives like fixing potholes, and with practical initiatives in robotic delivery systems. A program for the latter is under development in Houston, Texas.The pizza company is predicting mixed results going forward. In the Q3 report, DPZ beat expectations, with EPS at $2.05, while revenues, at $820.8 million, were almost exactly on the forecast. Looking ahead, the company lowered its forward guidance, citing increased delivery competition. In its note on earnings, management said it expects sales growth of 7% to 10% over three years, as opposed to the previous figure of 8% to 12%. At the same time, the company has a history of overcoming obstacles (it successfully turned around its reputation for poor quality in the early 2010s) and its last quarterly report showed that cash on hand had more than doubled while long-term debt declined slightly. DPZ will report Q4 results next week, and analysts expect EPS to come in at $2.94, for substantial gains both sequentially and year-over-year.Writing up DPZ for Goldman, Katherine Fogertey noted the upcoming quarterly release as reason for optimism. She writes, “[W]e expect the company’s overall commentary to support their long-term unit and system sales growth targets. Namely, we are encouraged by what we view as industry leading franchisee returns and expect fortressing can help delivery growth in carryout and further improve DPZ’s competitive advantage versus third party aggregators.”In line with her upbeat view of DPZ’s prospects, she upgraded her outlook and gave the stock a Buy rating. Her price target, $320, implies an upside potential of 16% over the coming year. (To watch Fogertey’s track record, click here)Domino’s Pizza shares are currently selling for $274.85, and have an average price target of $309.92. This gives the stock an upside potential of 13% in the coming year. Wall Street’s analyst corps is somewhat divided on this one, but leans toward buying – with 10 Buy ratings, 4 Holds, and 1 Sell, DPZ gets a Moderate Buy from the analyst consensus. (See Domino’s Pizza stock analysis at TipRanks)
The deadly coronavirus is causing some multinational companies to feel the pain more than others, according to an analyst.
YUM! Brands (YUM) fourth-quarter revenues gain from increase in franchise and property, and franchise contributions for advertising and other services revenues.
A U.S. safety regulator said on Thursday it has allowed SoftBank Group-backed autonomous vehicle startup Nuro Inc to temporarily deploy up to 5,000 low-speed electric delivery vehicles without human controls like mirrors and steering wheels. The National Highway Traffic Safety Administration's (NHTSA) approval of a petition by Nuro will allow the privately held robotics company to deploy the "R2," a delivery vehicle designed to have no human occupants and operate exclusively with an automated driving system. Automakers must currently meet nearly 75 auto safety standards, many of which were written decades ago with the assumption that a licensed driver would be in control of the vehicle.
Services side of the economy expanded at the fastest pace in January since last summer. The increase in the new order index and improving measure of business activity pointed to underlying strength.
Yum Brands reported a mixed fourth quarter Thursday morning, as softer-than-expected sales at Pizza Hut weighed on the fast food chain.
In January, Domino's (NYSE: DPZ), the largest pizza company in the world based on global retail sales, wrapped up its 16th annual St. Jude Thanks and Giving® campaign, raising $10 million to support St. Jude Children's Research Hospital's lifesaving mission: Finding cures. Saving children.® The record-breaking campaign, which began on Oct. 21, 2019, ran for 11 weeks through Jan. 5, 2020.