Domino's (DPZ) Shares Could Move Higher as It Fishes for Pan-Eaters

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Analysts at Oppenheimer think earnings will drive shares of Domino's Pizza (NYSE: DPZ) higher.

"Comps are poised to accelerate and DPZ's model does not face 'tough' weather-related SSS comparisons or food cost issues that are upcoming headwinds for most restaurants," said analyst Brian Bittner.

He thinks the Domino's fourth-quarter pan pizza launch provides opportunity to convert trial users into a pan-eating core of customers. Pan pizza is the second largest sub-pizza category, at 20 percent.

Oppenheimer maintained an Outperform rating on Domino's Pizza (NYSE: DPZ) with a price target of $44.00.

For an analyst ratings summary and ratings history on Domino's Pizza click here. For more ratings news on Domino's Pizza click here.

Shares of Domino's Pizza closed at $40.17 yesterday, with a 52 week range of $28.17-$42.21.

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