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.
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Read More on DPZ:
- Domino’s Pizza price target raised to $510 from $492 at Morgan Stanley
- Domino’s Pizza price target raised to $550 from $500 at RBC Capital
- Domino’s Pizza price target raised to $535 from $520 at Benchmark
- Domino’s Pizza price target raised to $564 from $555 at Loop Capital
- Cautiously Optimistic Buy Rating for Domino’s Pizza Amidst Mixed Performance Indicators and Strategic Confidence
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