Domino's Pizza (DPZ) PT Lowered to $390 at Stifel

February 25, 2021 4:13 PM EST
Get Alerts DPZ Hot Sheet
Price: $394.83 +0.47%

Rating Summary:
    24 Buy, 15 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 13 | New: 41
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Stifel analyst Chris O\'Cull lowered the price target on Domino's Pizza (NYSE: DPZ) to $390.00 (from $400.00) while maintaining a Hold rating.

The analyst comments "Domino's reported lower-than-Street mean 4Q domestic SRS (11.2% vs. Street's 13.6%) and EPS ($3.85, Street $3.89) results. The company updated its 2-3 year outlook, which fell in line with our 2023/2024 estimates. We were encouraged with the momentum in International comps, which meaningfully exceeded consensus expectations despite the pandemic's resurgence during the quarter (7.3% vs. Street 5%) as well as the sequential recovery in global net store growth following elevated closures last quarter. While we remain constructive on the company's long-term fundamental prospects, we anticipate shares will remain range-bound until investors gain greater comfort the company can retain a significant portion of the sales growth it experienced during the pandemic. We adjusted our 2021 domestic SRS by 200 bps to +0.5% and our EPS to $12.82 from $12.95; as a result, we reduced our TP to $390."



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