Streetbeat News

DPZ

Domino's Pizza, Inc.

https://www.dominos.com

Industry

Restaurants

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores. It also provides oven-baked sandwiches, pasta, boneless chicken and chicken wings, bread and dips side items, desserts, and soft drink products. As of January 2, 2022, the company operated approximately 18,800 stores in 90 markets. Domino's Pizza, Inc. was founded in 1960 and is based in Ann Arbor, Michigan.

Open

452.95

Mkt cap

16B

Volume

23K

High

461.00

P/E Ratio

28.28

52-wk high

542.75

Low

452.95

Div yield

0.01

52-wk low

367.24

HSBC analyst Meredith Jensen has initiated coverage on Domino's Pizza with a Buy rating and set a price target of $466. This new coverage could influence investor sentiment and potentially impact the stock price of Domino's Pizza in the short term.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 1:25 pm

Uber Technologies Inc (NYSE:UBER) has seen its stock surge 127.52% YTD, outperforming the S&P 500's 18.13% rise. The stock hit a new 52-week high of $63.03 on Dec. 12, driven by its inclusion in the S&P 500, recent partnerships with Tesla, Domino's Pizza, and Sprouts Farmers Market, and strong Q3 earnings. However, the stock is considered 'overbought' and has a high forward P/E ratio, suggesting a potential pullback.

Portfolio Pulse from Surbhi Jain

December 15, 2023 | 4:55 pm

Benchmark analyst Todd Brooks upgraded Domino's Pizza Inc (NYSE:DPZ) from Hold to Buy with a price target of $455, citing potential growth from a revamped loyalty program and a nationwide launch on Uber Eats. Brooks compared Domino's technology platform favorably with industry leaders like Starbucks and Chipotle. He expects Domino's to achieve over 3% same store sales growth in the U.S. and highlighted management's forecasts for global retail sales and operating income growth. Domino's stock closed up 0.65% at $397.48 on Monday.

Portfolio Pulse from Adam Eckert

December 11, 2023 | 9:50 pm

Benchmark analyst Todd Brooks has upgraded Domino's Pizza (NYSE:DPZ) from Hold to Buy and set a new price target of $455.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:14 pm

Piper Sandler analyst Brian Mullan has downgraded Domino's Pizza (NYSE:DPZ) from Overweight to Neutral and reduced the price target from $401 to $400.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 11:20 am

JP Morgan analyst John Ivankoe has maintained an Overweight rating on Domino's Pizza (NYSE:DPZ) and increased the price target from $410 to $420.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 6:48 pm

Morgan Stanley analyst Brian Harbour has reiterated an Overweight rating on Domino's Pizza Inc (DPZ) and increased the price target from $435 to $455, citing a strong long-term outlook. The analyst highlighted DPZ's strategic details, financial goals, and positive near-term indicators from its first investor day in years. DPZ is expected to continue gaining market share and aims for over $3 billion in incremental sales over the next 5 years. The partnership with Uber Technologies Inc (UBER) is also seen as a positive contributor to sales. DPZ's new long-term algorithm through 2028 includes a 7%+ global retail sales growth, 3%+ same-store sales growth, and 1,100+ annual net unit growth. The company targets $400 million incremental operating income by 2028, driven by top-line growth, disciplined investments, and moderate margin expansion post-2024. Internationally, DPZ aims for over $4 billion incremental sales through FY28, with significant growth expected from China and India. Technological advancements, including automation and AI, are seen as potential boosts for customer and store operations. Despite the positive outlook, DPZ shares were trading down by 1.94% at $394.22.

Portfolio Pulse from Shivani Kumaresan

December 08, 2023 | 6:45 pm

BMO Capital analyst Andrew Strelzik has maintained an Outperform rating on Domino's Pizza (NYSE:DPZ) and increased the price target from $455 to $475.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:59 pm

Barclays has maintained its Underweight rating on Domino's Pizza (NYSE:DPZ) but increased its price target from $330.00 to $340.00. Despite the price target hike, the new target still suggests a potential downside of 15.42% from the current share price of $402.00. Domino's Pizza is the largest player in the global pizza market with nearly 20,000 stores worldwide and $17.7 billion in 2022 system sales.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:01 pm

Citigroup has maintained its Neutral rating on Domino's Pizza (NYSE:DPZ) but increased its price target from $396.00 to $424.00. Domino's Pizza's shares remained stable over the last 24 hours at $402.00. The new price target suggests a potential upside of 5.47%. Domino's is the largest global pizza market player with significant revenue from its international operations and supply chain facilities.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:01 pm

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