Barclays Maintains an 'Equalweight' on Dominos Pizza (DPZ); 3Q11 Solid; Resilience Supports A Premium
Get Alerts DPZ Hot Sheet
Price: $481.66 --0%
Rating Summary:
26 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
Rating Summary:
26 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 18 | New: 16
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Barclays maintains an 'Equalweight' on Dominos Pizza (NYSE: DPZ) price target increased by $2 to $26.00.
Barclays anlayst says, "DPZ continues to deliver, both figuratively and financially. Strong comp momentum continued in 3Q11 despite an increasingly challenging macro. By segment, the US is lapping the significant 2010 comp rebound with positive comps, while Int'l continues to impress despite perpetual difficult compares. Investors have newfound appreciation for stability of the global platform, with comps solid and a 95% franchise model to mitigate cost pressures. Beyond fundamentals, Domino's recently postponed its refinancing due to market volatility, though not a near-term concern with existing funding into 2014." (Barclays raises FY11 EPS estimate from $1.64 to $1.66 and FY12 from $1.85 to $1.90)
For more ratings news on Dominos Pizza click here and for the rating history of Dominos Pizza click here.
Shares of Dominos Pizza closed at $29.85 yesterday.
Barclays anlayst says, "DPZ continues to deliver, both figuratively and financially. Strong comp momentum continued in 3Q11 despite an increasingly challenging macro. By segment, the US is lapping the significant 2010 comp rebound with positive comps, while Int'l continues to impress despite perpetual difficult compares. Investors have newfound appreciation for stability of the global platform, with comps solid and a 95% franchise model to mitigate cost pressures. Beyond fundamentals, Domino's recently postponed its refinancing due to market volatility, though not a near-term concern with existing funding into 2014." (Barclays raises FY11 EPS estimate from $1.64 to $1.66 and FY12 from $1.85 to $1.90)
For more ratings news on Dominos Pizza click here and for the rating history of Dominos Pizza click here.
Shares of Dominos Pizza closed at $29.85 yesterday.
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