Domino’s Pizza price target raised to $550 from $500 at RBC Capital

RBC Capital raised the firm’s price target on Domino’s Pizza (DPZ) to $550 from $500 and keeps an Outperform rating on the shares following a Q1 report the firm calls “mixed.” While international same-store sales beat expectations and the company continues to gain share in the U.S. in a challenged consumer backdrop, and the company reiterated 2025 guidance for international and U.S. same-store sales and unit growth, on the less positive side, consumer weakness, particularly low-income, is impacting the overall pizza category, which Domino’s is not immune from despite ongoing share gains, the analyst tells investors. While the fiscal year comp guidance was reiterated, RBC estimates adding Doordash (DASH) could be driving nearly one-third of the U.S. same-store sales growth this year, the firm added.