|Bid||247.94 x 900|
|Ask||248.20 x 800|
|Day's Range||245.81 - 248.80|
|52 Week Range||220.90 - 302.05|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||27.63|
|Earnings Date||Oct 14, 2019 - Oct 18, 2019|
|Forward Dividend & Yield||2.60 (1.05%)|
|1y Target Est||282.33|
More than 24,000 square feet of the 34,206-square-foot Lakeview at Mendenhall Oaks Business Park in High Point has been sold with a letter of intent on another 5,200 square feet, according to Spencer Bennett of Meridian Realty Group in Winston-Salem. Will Stevens' Penn Properties and Penn Construction have developed and built Lakeview, which sits along Davis Lake at 4150 Mendenhall Oaks Parkway, across from Creative Snacks. Four of Lakeview's five buildings are in the upfitting process.
After strong market gains through the summer, August was a volatile month for the stocks. The S&P 500 fell 5.6% in the first week, then bounced around for three weeks before charging into September with another 5.6% shift – a surge back up to its current 3,007.The stock market turnaround is just one of several positive economic indicators so far this month. The August jobs report, while showing low job creation numbers, also showed increasing wages, and last week, Labor Department numbers showed that there are 1.17 million more jobs than openings in the US. It’s a bright picture. But not every stock is on its way back up. Some are struggling to gain traction.Finding the right stock in this environment can be a challenge. That’s why TipRanks provides a variety of stock screening tools, offering you the ability to sort through the market for the right investment.We’ve opened up TipRanks’ Trending Stocks tool to find three stocks that are underperforming right now, but are also showing high upside potential in the face of idiosyncratic headwinds. These are investment opportunities that have attracted attention from top analysts, and have the seeds for future market gains. Domino’s Pizza, Inc.With the rise of third-party delivery companies, such as GrubHub (GRUB – Get Report), the fast food space generally is coming to resemble the pizza delivery niche. With a phone call or an online order, the customer’s meal is only half an hour away. Michigan-based Domino’s Pizza (DPZ – Get Report), which built its customer base in the 1990s on a promise of fast delivery, has been feeling the pressure as fast food delivery diversifies. DPZ shares are down 1% so far this year, despite a general S&P gain of 19%.This doesn’t mean that Domino’s feels itself vulnerable. Back in July, the company beat the earnings forecast in Q2, reporting $2.19 per share against a predicted $2 even. And it did that despite missing the revenue forecast by 2.5%, or $22 million. Even with the revenue miss, DPZ reported strong resources: cash on hand was up, at $108.3 million, while long-term debt was down 2.2%.BTIG analyst Peter Saleh is impressed by DPZ’s use of resources to create innovations in the delivery space. The company is not entering into third-party agreements, but is keeping delivery in-house. Earlier this month, Saleh attended DPZ’s Innovation Garage event, and saw how Domino’s is investing in autonomous vehicle delivery and GPS tracking. He writes, “while Domino's Pizza is facing competitive headwinds from delivery aggregators, it is starting to fight back with promotions and measures to improve efficiency.” Saleh gives DPS a $325 price target, suggesting an impressive 32% upside potential.From Oppenheimer, Brian Bittner gives DPZ shares a $295 price target and 20% upside. He sees Domino’s as “well-prepared for the delivery challengers and ready to go it alone.” In his comments, he adds, “Management believes it ultimately has technological, economic and service superiority over [competing] vendors which will be a benefit over the cycle. Nearer term, the company does not plan to react by deep-discounting or discounted/free delivery.”Overall, DPZ has a 16% upside potential, derived from its $285 average price target and $245 current share price. The stock has a Moderate Buy rating from the analyst consensus, based on 14 buys, 7 holds, and 1 sell. Ford Motor CompanyThe second largest domestic automaker, Ford (F – Get Report) possesses a combination of resources and liabilities. On the negative side of the ledger, Moody’s credit rating agency has just lowered the company’s rating below investment grade. Moody’s cited Ford’s “operating and marketing challenges” as reasons for the downgrade, and added that the company is at the start of a long restructuring effort in a bearish industry.Ford, for its part, does not seem worried by the credit downgrade. S&P and Fitch still rate the company as investment grade, and the restructuring noted by Moody’s includes an $11 billion investment in electric and hybrid vehicles. The capital investment includes new spending on factories as well as vehicle design and autonomous driving systems.Still, a downgrade from a credit rating agency looks bad in the headlines. Ford shares lost 1.3% by mid-week. The stock has been highly volatile this year, swinging between a low of $7.44 and a high point of $10.36.Two analysts weighed in with buy ratings on the stock. Credit Suisse’s Dan Levy noted that Ford has $23 billion in cash on hand, giving it plenty of resources to fund its global restructuring effort. He writes, “For now, Moody’s downgrade doesn’t change the Ford story. We think the core focus at Ford remains the path to profit recovery, which we continue to believe remains intact.” Levy’s $12 price target implies an upside of 26% for Ford.Analyst John Murphy, of Merrill Lynch, agrees that Ford has upbeat prospects. He says, “We believe Ford’s self-help turnaround should start to get more credit among investors, while improved execution and communication may also allow Ford’s multiple to recover, although the downgrade news was somewhat disappointing.” Countering the disappointment, he notes that Ford remains committed to maintaining its shareholder dividend, with an impressive 6.35% yield, and that the primary source of bad news – slowing car sales in the European and Asian markets – has already been baked into the share price. He puts a $13 price target on F shares, indicating an upside potential of 37%.Ford holds a Moderate Buy from the analyst consensus, based on 4 buys and 3 holds from the last three months. Shares sell for $9.45, and the average price target of $11.58 suggests an upside of 22%. Netflix, Inc.The early adopter in the online TV content streaming space, Netflix (NFLX – Get Report) has the advantage of incumbency against the much-hyped competition from Disney (DIS – Get Report) and Apple (AAPL – Get Report) which will be starting this fall.Netflix’s main advantage, of course, is its library of 400+ original programs to run on the streaming service. This will be less of an advantage against Disney, which brings its own famous Disney Vault to the party, but Netflix having proven winners like Stranger Things and talent like Samuel L. Jackson and Oprah Winfrey on board is a clear sign of strength in the content creation market.Disappointing subscriber numbers from the second quarter, however, depressed Netflix’s share price, and the company's year-to-date gain is only 9%. Netflix lost 15% after reporting net subscription adds of only 2.7 million, against the forecast 5 million. Even worse, the company’s core US market saw a decline of 100,000 subscribers instead of the expected 300,000. And to keep the hits coming, Apple announced last week that its Apple TV streaming service, to be priced at just $4.99 per month, will be significantly less expensive than the $8.99 Netflix charges for its most basic service.The analysts, however, seem to agree that the fears for Netflix are overblown, and that the company’s resources are sufficient to meet the challenges. 5-star analyst Michael Olson, of Piper Jaffray, writes: “Preliminary search index analysis suggests Q3 domestic subscriber growth of 6.4% year-over-year, and international growth in the range of 33%-35%. Further, the number of U.S. YouTube trailer views for major Netflix originals is up 10% quarter-over-quarter from Q2, signaling a more engaging content slate. Expect Netflix to continue to capture a significant portion of traditional content dollars despite an onslaught of new streaming services currently casting a cloud of concern.” Olson sets a $440 price target on NFLX, indicating confidence in a 49% upside.Imperial Capital analyst David Miller agrees, believing that “the market is too focused on price points rather than the value for that said price point.” His $451 price target implies an even more robust 53% upside for the streaming giant.Overall, Netflix maintains a Strong Buy from the analyst consensus, based on a whopping 25 buy ratings set in the last three months, along with only 5 holds and 1 sell. Shares are expensive, at $295, and the average price target of $411 suggests an upside potential of 39%.Visit TipRanks’ Trending Stocks page today, to see what else has the attention of Wall Street’s best analysts.
Darden's (DRI) first-quarter fiscal 2020 results are likely to be driven by robust performance of the Olive Garden, LongHorn and Fine Dining segments.
DP Eurasia, which runs Domino's Pizza brand in Turkey and Russia, reported a 15.1% rise in first-half core profit on Wednesday, but said slower like-for-like sales growth in Russia and stiffening competition in Moscow dented its margins. The company's adjusted margin for earnings before interest tax, depreciation and amortization (EBITDA) slipped to 7.2% from 7.9% a year earlier, with margins in Russia, which accounts for 39% of its system sales, down to 3.4% from 4.8%. Its system sales, comprising both sales at its corporate and franchised stores, grew 26.4% to 645.4 million lira, driven by new store openings.
Investors are always looking for stocks that represent compelling investment opportunities but finding them isn’t always an easy task. That being said, Wall Street’s top investment firms can provide helpful insights as to which stocks boast a strong long-term growth narrative. Top analysts from Morgan Stanley have released updates on a few stocks that do just that.The firm recently issued recommendations on 3 stocks, highlighting each as presenting a unique buying opportunity given recent weakness. Each boasts significant support from the rest of the Street as well as potential for substantial long-term upside.Bearing this in mind, we used TipRanks’ investing tools to take a closer look at Morgan Stanley’s 3 picks. Here’s what we found out. Uber Technologies Inc. (UBER)It’s no question that it has been a bumpy ride for Uber since going public. As of its May 10 IPO date, shares are down 20% with some investors expressing their concern that recent headwinds will further delay a turnaround.Uber has been bogged down by costs related to its public offering. On August 8, the company reported a second quarter loss of $5.2 billion, its largest ever quarterly loss, as a result of $3.9 billion worth of stock-based compensation expenses it incurred from the IPO. Even without those expenses, the ride sharing company still lost approximately $1.3 billion. However, management points out that its heavy investments in Uber Freight, food delivery and price reductions in its ride-hailing business can be attributed to the loss.New regulation in California also threatens to derail Uber’s plans to reach profitability. California senators will vote on Assembly Bill 5 (AB5) this month which if passed, would make it more difficult for gig economy companies to classify workers as independent contractors. This would force Uber to consider drivers employees, which would adversely affect business.That being said, Uber could pass the added costs along to consumers in order to offset some of the impacts of AB5. Not to mention the company stated on September 6 that it plans to invest $200 million per year in its fasting growing segment, Uber Freight. One top analyst, Brian Nowak, argues that Uber has multiple ways to offset the headwind of AB5 being approved. “We expect Uber to pass through most of the higher costs to consumers and minimize the cash flow headwind…balancing the incremental costs Uber will bear with the expected impact on consumer demand from higher fares. This will come at a cost with an estimated 2021 negative financial impact ranging from 6-16% of contribution profit,” he explained. As a result, the five-star analyst reiterated his Buy rating and $57 price target on September 5. He thinks shares have the potential to surge 59% in the next twelve months.All in all, Wall Street is bullish on the ride sharing platform. Uber boasts a ‘Strong Buy’ analyst consensus and a $54 average price target, indicating 61% upside potential. Domino's Pizza, Inc. (DPZ)While the pizza delivery chain hasn’t been shy about acknowledging the threat of third-party delivery services in recent quarters, Morgan Stanley tells investors to keep putting DPZ on their plates even though shares have dropped 1% year-to-date. Domino’s Pizza invited several Wall Street analysts including Morgan Stanley’s John Glass to its “innovation garage” on September 6. The event showcased its new innovation and technology initiatives, with the analyst telling investors he remains convinced the company is set to serve up long-term gains.While DPZ didn’t actually reveal anything brand new at the event, it did go a long way to renew the analyst’s confidence in the pizza chain. Among his takeaways from the event, Glass highlighted the fact that management maintained that it will be able to meet its three to five year same store sales guidance of 3% to 6% growth. Domino’s expects to achieve this thanks to several of its near-term initiatives. As part of these initiatives, DPZ will start offering better carryout options as well as 20% off all orders placed after 9 p.m. Adding to the good news, its GPS tracking is expected to be launched systemwide by the end of 2019. The company will also start testing autonomous vehicles to provide a cheaper delivery option for customers as they won’t need to tip. Glass sees all of the above as steps in the right direction. “Unlike a typical analyst meeting, this event didn't break new news, but what we did hear was generally positive as management outlined some more specific near-term steps to drive domestic sales,” he explained. As a result, the four-star analyst reiterated his Buy rating and $287 price target on September 9. The price target demonstrates Glass’ confidence in DPZ’s ability to gain 17% over the next twelve months.With 14 Buy ratings vs 7 Holds and 1 Sell assigned over the last three months, the word on the Street is that DPZ is a ‘Moderate Buy’. Its $285 average price target suggests 16% upside potential. Boston Scientific Corporation (BSX)The last stock on our list manufactures medical devices designed to provide less invasive medical solutions. Its devices include defibrillators, pacemakers as well as many other products for interventional medical specialties. While shares have declined 0.14% in the last month, Morgan Stanley’s David Lewis tells investors BSX shares are poised for long-term gains.According to BSX’s July 24 Q2 earnings release, the company looks solid. It generated quarterly sales of $2.6 billion, up 5.6% on a reported basis and 6.3% on an organic basis from the year-ago quarter. Management attributes this to revenue growth across all segments.The company’s latest acquisitions and new products are expected to drive even more growth. On August 26, BSX finalized its $4.2 billion acquisition of BTG plc, helping BSX expand its interventional oncology, arterial and venous therapy product offerings. It also acquired Vertiflex Inc. back in June, which designed a minimally-invasive device to improve physical function and reduce pain in patients with lumbar spinal stenosis, or the narrowing of the spinal canal.Not to mention BSX announced the FDA approval for its ImageReady MRI labeling for the Vercise Gevia Deep Brain Stimulation (DBS) system in an MRI environment on August 19. The system, along with the Vercise Cartesia Directional Lead, was developed to treat symptoms of Parkinson’s Disease, a progressive nervous system disorder that can cause shaking, muscle stiffness and slow movement. It’s estimated that 10 million people are affected by the debilitating disease globally.All of these positive developments contributed to Lewis’ conclusion that BSX’s long-term growth narrative remains strong. As a result, he reiterated his Buy rating and $50 price target on August 29. The four-star analyst sees 20% upside potential for the company. All in all, the rest of the Street mirrors the analyst’s sentiment. Boston Scientific boasts a ‘Strong Buy’ Street consensus as well as a $49 average price target, implying 16% upside potential. Discover the Street’s best-rated stocks with the Top Analysts’ Stocks tool
Some investors may have been disappointed with Domino's' event due to the absence of third-quarter commentary or a significant announcement, UBS analyst Dennis Geiger said in a note. For example, voice ordering is offered at 40 stores, and the analyst said it improves labor savings with better up-selling.
Hedge fund Lone Pine disclosed that it had recently bought nearly $200 million of shares of the pizza chain. It is now Domino’s fourth-largest shareholder.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
These days technology seems to be everywhere. From banking to our workplace, our lives are becoming ever-more linked to technology and digitized. That's why overweighting tech stocks makes a ton of sense for the long haul. And believe it or not, technology is finding its way into your local burger joint or where you buy a cup of coffee.A variety of restaurants have caught the technology bug.Plowing billions of R&D spending into new apps, artificial intelligence, data mining and other tech-based applications, many restaurants aren't just a place to grab a drink or a bite to eat. They are quickly becoming some of the biggest adopters of hottest trends in tech. Today, the decidedly low-tech French fry has plenty in common with Google (NASDAQ:GOOG). You might even say that some restaurant shares deserve to be called tech stocks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Monthly Dividend Stocks to Buy to Pay the Bills And those early adopters in the restaurant sector do earn that title. Thanks to these tech upgrades, sales, profits and margins have been surging. Proof that you can get plenty of growth by thinking differently. To that end, these three restaurants are really wonderful tech stocks in disguise. Food-Based Tech Stocks to Buy: McDonald's (MCD)Source: 8th.creator / Shutterstock.com Fast-food giant and burger slinger McDonald's (NYSE:MCD) may soon want to change its name to McData. The Golden Arches has gone full hog into adding tech into a variety of its processes. This includes products to speed up order and fulfillment, mobile apps and even a hefty dose of A.I.To start with, MCD's made mobile ordering a key piece under its "Velocity Growth Plan." Through the app, customers have the ability to choose when and how they want to pick-up their food. More importantly, the app is synchronized to a customer's digital wallet and their delivery partnership with Uber (NASDAQ:UBER).What's wonderful for McDonald's is they've found that when a consumer uses the mobile app or one of its new self-ordering kiosks, they tend to order more food or extra side items. This has helped boost comparable-store sales. Last quarter, tech helped the Golden Arches see same-store-sales jump 6.5% -- the biggest jump in four years. Meanwhile, earnings surged 7%.And more gains could be in store for MCD thanks to McDonald's big buyout of Israel's Dynamic Yield. The firm's software is being used to change its menu displays and offer recommendations based on the time of day, weather, restaurant traffic and trending items. So far, the initial test with the software has been a real success and MCD is planning on rolling it out nationwide.Looking out further, MCD's could use Dynamic Yield's software to offer a truly personalized experience when coupled with self-ordering kiosks, its app and rewards programs.In the end, the focus McDonald's has had recently has made it sound similar to many tech stocks. And the firm also has the growth behind it to be considered a tech stock in disguise. Starbucks (SBUX)Source: monticello / Shutterstock.com Pulling the perfect espresso shot is an art form. Equally artistic is getting people to pay $6 for that shot of coffee and some milk. But coffeehouse Starbucks (NASDAQ:SBUX) is doing just that and the key has been its transformation into a tech stock.A few years ago, SBUX unveiled its rewards program and its mobile app. This alone helped drive sales and repeat traffic. But lately, its efforts to ramp up the app/rewards program has become the foundation of its new digital flywheel program. Here, SBUX is moving to a new cloud-based system that allows for more personalization, rewards, payment and ordering options. Through its new tech investments and upgraded A.I.-based applications, Starbucks will be able to update rewards programs in real-time to target subsets of customers. The idea is that consumers can keep the "wheel" going as they are rewarded. In turn, they spend more, get more personalized rewards, etc.Moreover, the next phase of its integration will be connecting inventory and point-of-sale systems together to reduce costs and waste. Starbucks also recently took a stake in Brightloom -- a firm that develops software for mobile orders and delivery.And its efforts seem to be working. During its last earnings report, SBUX mentioned that 42% of tender occurred via its digital operations. And during its latest conference call, CEO Kevin Johnson mentioned that these digital efforts contributed two percentage points to its 6% same-store sales growth in the U.S. during the quarter. The best part is that the number of rewards members continue to grow. SBUX saw 12% and 13% membership growth in the last two quarters. * 7 Tech Industry Dividend Stocks for Growth and Income As you can see tech is really working for SBUX and firm digital ambitions make a force in the sector. Domino's Pizza (DPZ)Source: Ken Wolter / Shutterstock.com Domino's Pizza (NYSE:DPZ) could be the restaurant to thank for the many of them acting like tech stocks. Back in 2007, DPZ was one of the first restaurants to offer online ordering and it was one of the first to launch an iPhone app. It has since built upon those beginnings and unveiled its AnyWare technology suite.AnyWare allows customers to order a pizza from 15 different methods, including their phone, Facebook's (NYSE:FB) Messenger app, Amazon (NASDAQ:AMZN) Alexa devices and even Slack (NASDAQ:WORK) while at the office. Moreover, to appeal to millennial and younger consumers, they've "gamified" the ordering process with badges, virtual pizza builders and its now-famous order tracker bar.The moves have paid off -- with more than two-thirds of its sales starting from digital ordering channels.But Domino's isn't done with tech. Its next step is to improve the delivery of pizza. It has unveiled new "Hot Spots", such as beaches, parks and other public locations, that consumers can have their food delivered to. Again, Hot Spots are integrated into its AnyWare suite.DPZ is taking delivery one step further and has invested in autonomous vehicle tech through a series of partnerships. Soon, a robot or self-driving car may be dropping off your pizza and breadsticks. This is all possible thanks to its fortressing strategy. Like AMZN with its massive fulfillment center network, DPZ is working on building out a massive portfolio of stores. The hope is to cut down on delivery times and make automated delivery possible.It's no wonder why management at DPZ considers itself an "eCommerce company that just happens to sell pizzas." With that, Domino's remains one of the best tech stocks to buy today.At the time of writing, Aaron Levitt held a long position in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies Using AI to Grow * The 10 Biggest Winners From Second-Quarter Earnings * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post 3 Restaurant Stocks That Are Also Tech Stocks to Buy appeared first on InvestorPlace.
Domino's Pizza (DPZ) has your dinner plans covered. The largest pizza company in the world based on global retail sales announced today that Domino's stores nationwide are offering 50% off menu-priced pizzas ordered online Aug. 26-Sept. 1. "It's back-to-school season, which means there is a lot to do in a short amount of time," said Jenny Fouracre, Domino's spokeswoman.
Restaurant Brands CEO José Cil said if a company delivers good food a recession won't hurt its business.
Robotic delivery service Starship Technologies announced it has closed $40 million in Series A funding. The company, which recently passed the 100,000 commercial delivery mark, also announced that it plans to expand its service to 100 university campuses over the next two years. Starship makes small autonomous robots that pick up and deliver food on-demand on college campuses.
ANN ARBOR, Mich., Aug. 20, 2019 /PRNewswire/ -- Domino's Pizza (DPZ), the largest pizza company in the world based on global retail sales, has spent years focused on cutting-edge technology created and built largely by teams at its World Resource Center in Ann Arbor. Domino's Innovation Garage, located at Domino's Farms in Ann Arbor, will celebrate its grand opening on Wednesday, Aug. 21. "Domino's Innovation Garage is focused on accelerating Domino's spirit of creativity and collaboration," said Kelly Garcia, Domino's chief technology officer.
Yahoo Finance's Adam Shapiro has the top trending stories of the day including private payroll growth in August, how Buffalo Wild Wings and MGM are getting a sports betting boost and where you can find specials for National Pizza Day.
Domino's just opened a 33,000-square-foot "innovation garage" in Ann Arbor, Michigan. The building is the newest addition to the pizza company's headquarters, called Domino's Farms, and will be "dedicated to learning, exploring, testing and launching new ideas." Yahoo Finance’s Dan Roberts, Kristin Myers and Heidi Chung discuss.