Goldman Sachs Removes Domino's Pizza From "Conviction Buy" List (DPZ)

Goldman Sachs Removes Domino’s Pizza From “Conviction Buy” List (DPZ)


Early on Thursday, Goldman Sachs downgraded Domino’s Pizza, Inc. (DPZ) as the pizza chain’s valuation approached the analysts’ prior price target.

The analysts downgraded DPZ from “Conviction Buy” to “Buy” with a new price target of $60, up from $56. This new valuation suggests a 21% upside to Wednesday’s closing price of $49.65.

“We remove DPZ from the Americas Conviction List, as the shares have approached our prior price target. We retain our Buy rating, as we believe DPZ’s long-term fundamentals and growth potential remain intact,” said Goldman Sachs analyst Michael Kelter.

Domino’s shares were inactive during pre-market trading on Thursday. The stock is up +14.01% year-to-date.

The Bottom Line
Shares of Domino’s Pizza (DPZ) have a dividend yield of 1.61% based on last night’s closing price of $49.65 and the company’s annualized dividend payout of 80 cents per share.

Domino’s Pizza, Inc. (DPZ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today