Domino's Pizza Upgraded to Buy
NEW YORK (TheStreet) -- Domino's Pizza(DPZ) was upgraded to buy from hold by TheStreet Ratings on Thursday.
The stock has been on a tear since its fourth-quarter earnings announcement on Feb. 28. The company reported fourth-quarter net income of $30.9 million, or 52 cents a share, up from year-ago earnings of $24.2 million, or 40 cent. The stock hit a 52-week high of $36.17 on the same day it reported earnings.
Shares hit another 52-week high on Wednesday of $39.92. The stock's 52-week low of $16.88 was set on March 15.
Jim Cramer said Domino's is a buy at about $35.