Analyst Sara Senatore of Bank of America Securities reiterated a Buy rating on Domino’s Pizza, retaining the price target of $549.00.
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Sara Senatore has given her Buy rating due to a combination of factors that highlight Domino’s Pizza’s strong market position and growth potential. The company’s U.S. same-store sales growth exceeded expectations, showcasing the robustness of its business model and the promising opportunities in leveraging third-party channels like DoorDash. The positive trend in delivery sales, driven by appealing value offerings and innovative products, is expected to continue, supporting future sales growth.
Moreover, Domino’s scale provides a competitive advantage by enabling cost efficiencies that benefit both the company and its franchisees. This advantage is reflected in the strong franchisee unit economics, which is likely to drive demand for new units. Despite some challenges, such as foreign exchange headwinds and softer international sales, the company’s strong domestic performance and market share gains justify a price objective of $549, reinforcing the Buy recommendation.
According to TipRanks, Senatore is a 4-star analyst with an average return of 5.2% and a 52.75% success rate. Senatore covers the Consumer Cyclical sector, focusing on stocks such as Domino’s Pizza, McDonald’s, and Wingstop.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $520.00 price target.