Domino’s Pizza price target raised to $549 from $520 at BofA

BofA raised the firm’s price target on Domino’s Pizza (DPZ) to $549 from $520 and keeps a Buy rating on the shares. Though Q1 domestic same-store sales growth was below consensus expectations, the firm is “encouraged” that results were largely in-line with the company’s internal plan, including for continued share gains in the QSR pizza category, and says it expects the gap with the industry to widen further as Domino’s benefits from its recent launch of stuffed crust pizza and launches its partnership with DoorDash (DASH) in May.