NEW YORK (TheStreet) -- Domino's Pizza (DPZ) shares are higher 0.59% to $130.86 on Wednesday morning after Nomura made bullish comments about the company's outlook following meetings with members of management.
After speaking with CEO Patrick Doyle, President of Domino's USA Russell Weiner, President of Domino's Int'l. Ritch Allison, and CIO Kevin Vasconi, analysts walked away with conviction about the company's future.
"We continue to view Domino's as likely to benefit for years to come from the ongoing transition within the pizza," they said in a note issued today.
Compared to other rivals including regional pizza concepts and mom-and-pop shops, the company has an advantage.
Overall, U.S. stocks opened higher today following Federal Reserve Chair Janet Yellen's comments about proceeding with caution in adjusting policy, according to CNBC.
Based in Ann Arbor, MI, Domino's Pizza operates as a pizza delivery company in the U.S. and internationally.
Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of B.
The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel its strengths outweigh the fact that the company shows low profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
You can view the full analysis from the report here: DPZ