In a report released yesterday, Chris O`Cull from Stifel Nicolaus maintained a Buy rating on Domino’s Pizza, with a price target of $510.00.
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Chris O`Cull has given his Buy rating due to a combination of factors that highlight Domino’s Pizza’s strong market position and growth potential. The company has demonstrated impressive performance in the second quarter, with domestic same-store sales rising significantly above expectations, showcasing its ability to outperform the broader market. This success is attributed to Domino’s effective execution of key initiatives and leveraging its scale advantages, which are difficult for competitors to replicate.
Furthermore, Domino’s has a robust pipeline of initiatives aimed at sustaining sales growth, including the full rollout of DoorDash, a strong promotional calendar, product innovation, and increased engagement from loyalty program members. The company’s strategic focus on value, market share expansion, and operational efficiency, such as AI-driven kitchen systems, positions it well for continued success. These factors, combined with its history of capturing market share and expanding its unit count, reinforce the confidence in Domino’s ability to maintain its growth trajectory and competitive edge.
In another report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $520.00 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.