Oppenheimer Maintains an 'Outperform' on Domino's Pizza (DPZ); International Business Remains Strong

Oppenheimer maintains an 'Outperform' on Domino's Pizza (NYSE: DPZ) price target of $44.00.

Analyst, Brian Bittner, said, "DPZ has underperformed YTD and we believe the market under-appreciates its accelerating Int'l growth, unique free cash flow profile, defensive operating model and prospects for sustainable double-digit profit growth. Shares are on sale at a price of 10.7x EV/EBIT (vs. group's 12.6x) with an 8% FCF yield and are validated as "cheap" given low-risk earnings model. The thesis is not reliant on outsized domestic comp growth (incremental 1% drives $0.03 of EPS) and investors should expect a more normalized US trend after two years of successfully elevating the customer base."

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 $28.75 yesterday.

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