Domino’s Pizza, the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Andrew Charles from TD Cowen maintained a Buy rating on the stock and has a $510.00 price target.
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Andrew Charles has given his Buy rating due to a combination of factors that indicate potential growth for Domino’s Pizza. The company’s recent initiatives, such as the launch of the stuffed crust pizza and the partnership with DoorDash, are expected to drive sales acceleration in the second half of the year. These efforts have already shown positive results, with a notable increase in same-store sales, particularly in the delivery and carry-out segments.
Charles also highlights the conservative nature of the company’s 2025 guidance for U.S. same-store sales, which he believes can be raised from 3% to 3.5%. The successful menu launches and strategic partnerships are expected to contribute to this upward revision. Furthermore, the company’s promotional activities, such as the $9.99 Best Deal Ever, are anticipated to sustain momentum and improve sales performance, making the stock an attractive buy.
In another report released today, BTIG also reiterated a Buy rating on the stock with a $530.00 price target.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DPZ in relation to earlier this year.