As previously reported, Loop Capital upgraded Domino’s Pizza (DPZ) to Buy from Hold with a price target of $559, up from $419. The firm’s latest Domino’s U.S. franchisee checks indicate same-store sales growth accelerated recently after a slow start during early fiscal Q4, the analyst tells investors. The checks imply domestic comps are up about 2.5% quarter-to-date, which is tracking below the firm’s full-Q4 estimate for 3.0% growth, but ahead of consensus at up 2.0%, the analyst noted.
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Read More on DPZ:
- Domino’s Pizza upgraded to Buy from Hold at Loop Capital
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- Domino’s Pizza names Kate Trumbull as Chief Marketing Officer
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