277.14 0.00 (0.00%)
After hours: 4:54PM EDT
|Bid||276.20 x 1000|
|Ask||277.28 x 800|
|Day's Range||273.41 - 277.84|
|52 Week Range||231.28 - 305.34|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||32.41|
|Earnings Date||Jul 16, 2019|
|Forward Dividend & Yield||2.60 (0.93%)|
|1y Target Est||303.79|
Domino's is entering a new partnership with robotics delivery startup Nuro. The robots will deliver pizzas in Houston, Texas. Yahoo Finance's Seana Smith, Dan Howley, Ines Ferre and Melody Hahm discuss.
The suit, filed by law firm Phi Finney McDonald in the Federal Court of Australia, alleges that Domino's misled franchisees by telling them not to pay delivery drivers and in-store workers wages as per industry standards. According to the Australian Fair Work Commission, fast food employees are entitled to a minimum weekly wage of A$813.60 ($565.86). The suit was filed on behalf of Australian employees who were employed as delivery drivers or in-store workers between June 24, 2013 and January 24, 2018, Phi Finney McDonald said.
Some Wingstop Inc (NASDAQ: WING ) investors argue the chicken wing chain's expansion will result in cannibalization, but a deep dive into the thesis points otherwise, according to BMO Capital Markets. ...
ANN ARBOR, Mich., June 21, 2019 /PRNewswire/ -- Domino's (DPZ), the largest pizza company in the world based on global retail sales, is proud to partner with the American Red Cross for the Missing Types campaign to raise awareness of the need for new blood donors to help patients this summer. Domino's will join the Red Cross and other companies, organizations, and celebrities to remove the letters A, B, and O – the main blood groups – from its logo in select public-facing messaging to illustrate the critical role blood donations play in patient care. Domino's will feature an altered logo with "missing o's" on social media platforms while sharing a link where Domino's fans can make an appointment to donate blood.
Domino's Pizza Enterprises Ltd's Europe head said on Friday he was "invested" in the Australian-based franchisee, after a media report said he could leave to become the CEO of Domino's UK-based franchisee. "As a senior executive in this business, and a significant holder of DMP shares, I am invested in our future," Andrew Rennie, chief executive officer of Domino's Pizza Enterprises in Europe, said in a statement released by the Australia-based Domino's. Sky News reported on Thursday that the frontrunner to replace David Wild, outgoing CEO of Domino's Pizza Group Plc , is Rennie.
In order to revive sales of franchises that have been negatively impacted by Papa John's (PZZA) dismal sales trend, it extends advisory support to domestic franchises.
Demand for restaurant services depends on consumer spending. In an industry which is getting increasingly reliant on digital and delivery services, four restaurant stocks stand to gain in 2019.
Domino's Pizza Inc NYSE:DPZView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate and increasing * Economic output in this company's sector is contracting Bearish sentimentShort interest | NegativeShort interest is moderately high for DPZ with between 10 and 15% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on June 14. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding DPZ totaled $66.18 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Domino's Pizza (NYSE:DPZ) announced that it will soon be offering driverless pizza delivery to residents of Houston, Texas later this year.The Ann Arbor, Mich.-based restaurant chain unveiled a partnership with Nuro -- a startup that makes self-driving, custom-built robot cars -- to offer driverless pizza delivery in Houston, per a statement from both businesses on Monday. Select residents of the Texas town will be able to experience the groundbreaking delivery offering if they place an order online.Nuro was created by two former members of Google's self-driving team, and the company has been actively using a fleet of R1 robot cars to deliver groceries to residents of Scottsdale, Arizona, as well as Houston. If the Domino's driverless pizza delivery pilot goes according to plan, the businesses will likely expand the move to other markets in the future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsJapanese tech business SoftBank recently helped out Nuro with a $1 billion investment that's allowed the self-driving robot car maker to expand its scope and activities. The investment proved to be a massive vote of confidence for a startup in the self-driving space that had yet to really make its mark.Nuro was founded in 2016 and its self-driving car ambitions are more geared towards food delivery over transporting people. The company is one of the only companies able to operate fully driverless vehicles on public roads at the moment. More From InvestorPlace * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 7 High-Quality Cheap Stocks to Buy With $10 Compare Brokers The post Domino's Driverless Pizza Delivery Coming to Houston in 2019 appeared first on InvestorPlace.
When Nuro and Kroger announced in March that their autonomous delivery program would launch in Houston, Nuro already was looking to expand beyond groceries to ventures such as pizza and dry cleaning delivery.
Domino's Pizza, Inc. (NYSE: DPZ) is partnering with robotics company Nuro for autonomous pizza delivery using a custom unmanned vehicle later this year. This partnership will expand Nuro's autonomous delivery operations, which Domino's said have successfully been underway in the Houston metro area since March. Customers will be able to track the vehicle via the Domino's app and will be provided with a unique PIN code to unlock the compartment to retrieve their pizza.
ANN ARBOR, Mich., June 17, 2019 /PRNewswire/ -- Domino's Pizza (DPZ), the largest pizza company in the world based on global retail sales, and Nuro, the robotics company transforming local commerce, are partnering on autonomous pizza delivery using the custom unmanned vehicle known as the R2 later this year. The global leader in pizza delivery will use Nuro's unmanned fleet to serve select Houston Domino's customers who place orders online.
(Bloomberg) -- There goes another high schooler’s job: Domino’s Pizza Inc. plans to test unmanned pizza delivery in Houston later this year. The chain, known as a technology leader in the restaurant industry, is teaming up with Nuro, a Bay Area robotics startup run by a pair of former Google employees. To start, Domino’s will send food to customers from a single store in the Texas city using one of Nuro’s fully autonomous vehicles. The test is scheduled to start late this year and could expand in 2020, according to the companies. Domino’s has more than 6,000 restaurants in the U.S. and, with the labor market tight, the company is experiencing a driver shortage, with as many as 10,000 open positions nationwide, according to Kevin Vasconi, the company’s chief information officer.The Nuro partnership will help the chain determine if autonomous vehicles are a way for its restaurants to keep up with demand during busy times when drivers are in short supply, he said.“Consumers are ready for this,” Vasconi said. “I have been surprised by the overall positive reaction people have had to an autonomous vehicle delivery experience.”Dining ConvenienceDomino’s is credited with popularizing delivery, something that began with pizza but now is commonplace across the entire restaurant industry, as customers increasingly opt for the convenience of eating at home. Autonomous vehicles are also being embraced by grocers as food shopping slowly shifts online and traditional chains try to combat e-commerce giant Amazon.com Inc. Kroger Co. has done a test with Nuro in Arizona and is currently using its autonomous driving technology in Houston.Domino’s previously tested autonomous delivery vehicles in a partnership with Ford Motor Co. The pilot began in 2017 to see how customers would react to stepping out of their homes to fetch pizza from a locked warming chamber in the vehicle. That program has ended.Pizza Hut, a chain that made its name with sit-down dining and is now trying to catch up with rivals on delivery, teamed up with Toyota Motor Corp. last year to work toward driverless delivery.Nuro was founded in 2016 by two former Google employees who spent years working on the technology giant’s autonomous vehicle project Waymo. Based in Mountain View, California, Nuro is developing a fleet of driverless vehicles specifically designed to carry things like groceries and pizza.“We see ourselves as fundamentally different from most players in the industry because we are focused exclusively on goods,” said Cosimo Leipold, Nuro’s head of strategy and partnerships. “That is the core to our business.” \--With assistance from Keith Naughton.To contact the reporters on this story: Olivia Rockeman in New York at firstname.lastname@example.org;Craig Giammona in New York at email@example.comTo contact the editors responsible for this story: Anne Riley Moffat at firstname.lastname@example.org, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of March 31. In this […]
As stocks pullback from record highs, lowered market valuations are making a number of companies look like strong potential takeover targets.
M&A activity continues to be reasonably strong and it should stay that way. Corporations remain flush with cash, borrowing rates are low, and the U.S. stock market sits not far off all-time highs. As a result, investors are looking for takeover targets: stocks to buy on hopes that they will be acquired, usually at a large premium to the trading price.That said, relying solely on takeover hopes is a risky strategy. It only takes one acquirer to lead to big gains, but even finding just one can be difficult. Rumors of acquisitions don't always pan out. And if a premium is priced into a stock, and a buyout doesn't come through, the declines can be steep. * The 10 Best Stocks for 2019 -- So Far These ten stocks look like attractive takeover targets. But they also have reasonably strong underlying bull cases. In other words, an acquisition might be the best-case scenario, but there are paths to upside, even if a buyer doesn't emerge.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dropbox (DBX)Source: Shutterstock The question for cloud provider Dropbox (NASDAQ:DBX) is reasonably simple. Are rivals going to buy the company for its market share, or try to take that share for themselves?At InvestorPlace, Will Healy took the bearish side, comparing Dropbox to America Online (now owned by Verizon Communications (NYSE:VZ)). Giants like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) all are targeting the same storage space.But Dropbox has carved out an impressive niche, with a user base over 500 million. And one of those giants could easily leap forward by buying Dropbox out in a deal that probably would cost a reasonable $12-$15 billion. In the meantime, DBX stock isn't terribly expensive given its growth, at 39x next year's earnings-per-share estimates. And a big first-quarter report alongside raised full-year guidance suggests it's more than holding its own in a growing market. Diamondback Energy (FANG)Source: Shutterstock Diamondback Energy (NASDAQ:FANG) is one of the operators in the Permian Basin, which makes it a potential takeover target at the moment. Indeed, FANG shares gained nicely last month after Chevron (NYSE:CVX) announced its plan to acquire Anadarko Petroleum (NYSE:APC).The thesis was that Chevron's bid would be the first of many in a suddenly hot U.S. shale industry. The fact that Occidental Petroleum (NYSE:OXY) wound up outbidding Chevron for Anadarko only added to the optimism. * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right A recent downturn in oil prices has brought FANG back to Earth, but also made its valuation more reasonable. Dana Blankenhorn detailed the standalone case for the stock back in February at modestly higher prices. Since then, a big Q1 report and a $2 billion share buyback program have only strengthened the case. Diamondback is a valuable play on U.S. shale, and it could see a big gain if other oil majors want to build on their presence in the Permian. William Lyon Homes (WLH)Source: Shutterstock Last year, I highlighted William Lyon Homes (NYSE:WLH) as one of three homebuilders that could be an acquisition target. The sector had seen M&A, with Lennar (NYSE:LEN) acquiring CalAtlantic and Taylor Morrison (NYSE:TMHC) taking out AV Homes. Valuations were cheap, though they got cheaper as 2018 went on before a rally in 2019.And it looks like William Lyon might be open to a deal. Last month, the WLH board allowed founder and CEO William Lyon to discuss a potential sale of the company with outside investors. A strong Q1 report helped as well, leading WLH shares up 13%.But there's more potential upside ahead. WLH shares have given back some of the gains in recent trading. They still sit some 40% below early 2018 highs, and trade at less than 8x earnings. If CEO Lyon can find a buyer, WLH shares could soar. If he can't, investors buying at this price could win anyway. XPO Logistics (XPO)Source: via XPO Logistics (Modified) Investors in XPO Logistics (NYSE:XPO) could use some good news. XPO shares plunged during the market sell-off last year, and they haven't recovered. A short-seller report questioning the company's accounting added to the pressure. So did disappointing earnings and the loss of Amazon as a customer.But XPO is reacting. XPO has paused its long-running M&A efforts, with its CEO telling the Wall Street Journal that the declining share price actually led it to back off a potential acquisition. Instead, XPO is buying back its own stock at the new, lower prices. * 7 Small-Cap ETFs to Buy Now At those prices, XPO could become a takeover target. Jefferies (NYSE:JEF) made exactly that argument in late March. Home Depot (NYSE:HD) reportedly considered a deal in late 2017, which raised hopes of a bidding war. At these levels, Home Depot or another strategic acquirer could be more incentivized to step in. If they don't, buybacks and a cheap multiple to earnings suggest XPO could rally once investor sentiment begins to turn. Alexion Pharmaceuticals (ALXN)Source: Alexion Pharmaceuticals Investors could be forgiven for running out of patience with Alexion Pharmaceuticals (NASDAQ:ALXN). Over the years, Alexion has been rumored as a potential target for companies, including Amgen (NASDAQ:AMGN), Roche (OTCMKTS:RHHBY), Pfizer (NYSE:PFE) and Novartis (NYSE:NVS), among others. Elliott Management, who has a history of agitating for sales, took a stake in late 2017, which only added to the speculation.Genetic Engineering & Biotechnology News, including Alexion on its 2019 list of targets in biopharma and cited an analyst claim that BioMarin Pharmaceutical (NASDAQ:BMRN), itself a long-rumored takeover target, could be interested. As another analyst put it, Alexion's $25 billion market cap is "Goldilocks-sized". It's big enough to move the needle, but not so big as to be a "bet the company" type of deal.That said, takeover speculation hasn't done much for ALXN stock. The stock sits well below 2015 highs above $200. It has traded pretty much sideways for three years now.Yet that weak trading has come even as earnings have grown, leaving ALXN reasonably cheap. The stock trades at under 11x 2020 EPS estimates. With Ultomiris succeeding the company's flagship Soliris, earnings should stay solid for years to come. Meanwhile, a recent pullback leaves the stock well below analyst estimates. The average target price of $163 suggests 44% upside.A takeover may finally come, particularly with Ultomiris on the market. But if it doesn't, ALXN is cheap enough to gain on its own. Domino's Pizza (DPZ)Source: Shutterstock I wrote in March that Domino's Pizza (NYSE:DPZ) was simply too cheap. DPZ shares have gained since then, but even 14% higher still look attractive. This remains one of the best operators in the entire restaurant industry. And Domino's continues to take share from rivals like Papa John's International (NASDAQ:PZZA) and Yum! Brands (NYSE:YUM) unit Pizza Hut.Meanwhile, there's the potential for a takeover from an obvious suitor: Restaurant Brands International (NYSE:QSR). Cowen (NASDAQ:COWN) predicted a QSR-DPZ deal in February and it makes quite a bit of sense. Restaurant Brands has said it wants another brand on top of Burger King, Tim Hortons and Popeyes, which it acquired back in 2017. Those concepts could benefit from Domino's best practices and potentially the company's delivery expertise. * 7 Retail Stocks Winning in 2019 and Beyond Such a deal would be a huge one for Restaurant Brands, admittedly and maybe too big to swallow (pardon the pun). But DPZ, even near the highs, is a wonderful company to own even if Restaurant Brands doesn't make a move. Malibu Boats (MBUU) and Mastercraft Boat Holdings (MCFT)Source: ShortChineseGuy via FlickrShares of both Malibu Boats (NASDAQ:MBUU) and Mastercraft Boat Holdings (NASDAQ:MCFT) have come in quite a bit of late. The issue hasn't been performance: both companies delivered strong earnings reports last month, which covered the key calendar first quarter.Rather, investors are worried about the boating industry and the macroeconomic cycle. Boating demand may be under secular pressure, as younger consumers choose non-motorized alternatives like kayaks and stand-up paddleboards. Meanwhile, investors continue to fear that a recession is on the way, which has historically undercut boat sales.But the declines leave both stocks essentially pricing in the worst: MCFT trades at less than 7x forward earnings, and MBUU less than 9x. Both multiples seem too cheap, as I argued back in March. A rally soon after has fizzled, with both stocks near year-to-date lows.At these levels, both stocks, as well as marine products manufacturer Johnson Outdoors (NASDAQ:JOUT), look too cheap. And it's possible an acquirer could take advantage. Industry leader Brunswick (NYSE:BC) has sold its fitness business and built out its parts and accessories offering, but could look to add high-end market exposure through either company. Private equity could kick the tires, as the cyclical businesses might do better away from the glare of the public markets.The two companies could even consider merging themselves: Malibu and MasterCraft are headquartered less than 30 miles apart. Either way, boating stocks look cheap, and it seems likely that at some point, someone will do something about it. Sprouts Farmer Market (SFM)Source: Shutterstock Grocery store stocks like Sprouts Farmer Markets (NASDAQ:SFM) are struggling. SFM itself has traded sideways for roughly four years now. Industry leader Kroger (NYSE:KR) is down 40%+ from late 2015 levels. Competition and higher freight costs are among the worries looking forward.Even with those concerns, the sector has seen M&A. Amazon, of course, acquired Whole Foods Market back in 2017. United Natural Foods (NASDAQ:UNFI) took out Supervalu last year. And this year, Smart & Final (NYSE:SFS) agreed to go private.Sprouts could be the next grocer to receive an offer. With a market cap of $2.4 billion, it's the right size for a tuck-in acquisition by Kroger or privately held Albertsons. Strong Q1 results show the company is still growing. It has exposure to organic and natural food trends, both of which should be tailwinds going forward. And there's plenty of room for store expansion going forward. * The 10 Best Stocks for 2019 -- So Far Meanwhile, on its own, SFM is hardly expensive, trading at 15x next year's EPS estimates. That's a reasonable valuation even given the low multiples seen elsewhere in the space. It does seem like patient investors can win with SFM longer-term, with the possibility that more immediate returns will come. Xilinx (XLNX)Source: Shutterstock The biggest concern with semiconductor developer Xilinx (NASDAQ:XLNX) is that seemingly everyone already thinks the company is going to be bought out. Speculation goes back for years, yet no buyer has emerged.Meanwhile, XLNX has continued to get more expensive and it still isn't cheap. A 23x forward multiple is hefty for the chip space, particularly with semiconductor stocks taking a beating over the last year. There's likely some level of takeover premium already embedded in the stock, meaning that if a takeover doesn't come, even strong growth may not lead to much upside.That said, there are reasons why Xilinx has been considered such an attractive potential buy. The stock is cheaper after a disappointing earnings report in April sent the stock tumbling. And it's worth remembering that, in the chip space, even obvious targets eventually sold for a solid premium. Mobileye sold to Intel (NASDAQ:INTC) despite valuation concerns. Mellanox (NASDAQ:MLNX) soared earlier this year after receiving an offer from Nvidia (NASDAQ:NVDA).In both cases, investors who ignored valuation worries were rewarded. Particularly after the recent decline, investors in XLNX could see a similar payoff.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post 10 Stocks to Buy That Could Be Takeover Targets appeared first on InvestorPlace.
Jack in the Box's (JACK) regular menu innovations, robust delivery channel and various sales boosting initiatives bode well for the company.