Oppenheimer Lifts Price Target On Domino's Pizza (DPZ) to $44

Oppenheimer boosted its price target earlier on Outperform-rated Domino's Pizza (NYSE: DPZ) from $36 to $44, based on 18.8x their 2013E EPS of $2.34.

The firm comments, "We believe this is reasonable given our $2.34 has not baked in EPS accretion related to refi (to be completed in 1Q12). Recap could either provide investors a $4/sh special dividend or boost EPS power by $0.20 (assuming 70bps lower rate combined with $200M+ buyback). Fundamentally, comp momentum continues to possess several drivers, international growth is as exciting as ever, domestic unit growth could accelerate and the company's robust FCF profile ($125M+/year) could generate significant shareholder returns on its own."

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 $38.82 yesterday.

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