The Latest Breaking News from Domino Pizza

After seven years and an ambitious plan to open 880 outlets, the US chain’s local franchise files for bankruptcy

Seven years after opening its first store in Italy, Domino's Pizza reportedly departs with its tail between its legs.

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Pulled from Benzinga Pro data, Domino's Pizza (NYSE:DPZ) posted Q1 earnings of $90.96 million, an increase from Q4 of 41.57%. Sales dropped to $1.01 billion, a 24.72% decrease between quarters.

Analysts reduced their price target on Domino's Pizza Inc (NYSE:DPZ) after its Q1 earnings miss. RBC Capital analyst Christopher Carril lowered the price target to $440 from $480 (29% upside). Carril maintained an Outperform rating on the shares. The analyst specified that the delivery staffing challenges are the primary driver of weakness. Wedbush analyst Nick Setyan maintained…

Domino's Pizza (NYSE:DPZ) has outperformed the market over the past 15 years by 13.92% on an annualized basis producing an average annual return of 20.91%. Currently, Domino's Pizza has a market capitalization of $12.21 billion.

Domino's Pizza's (NYSE:DPZ) short percent of float has risen 12.84% since its last report. The company recently reported that it has 2.20 million shares sold short, which is 6.15% of all regular shares that are available for trading.

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Over the past 3 months, 18 analysts have published their opinion on Domino's Pizza (NYSE:DPZ) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.