Oppenheimer Maintains an 'Outperform' on Domino's Pizza (DPZ); Compelling Idea in the Oven

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

Analyst, Brian Bittner, said, "DPZ represents a compelling idea in the current environment, in our view, and our $44 price target is supported by our sum-of-parts analysis. The model appears positioned to drive mid-double-digit EPS growth for several periods with upside if domestic comps surpass the Street's conservative 1%-2% range. DPZ also provides a unique hedge against upcoming industry-wide food cost pressures, and the robust FCF profile could be used to more aggressively repurchase stock. On 8/14, activist investor Nelson Peltz's Trian fund (recently the largest holder) revealed zero ownership, which enhances stability at the top of the holder list and ends a selling pressure overhang."

FY12/13 EPS estimate lowered by $0.01 each to $1.95/$2.27, respectively.

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 $34.22 yesterday.

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