UPDATE: BMO Capital Starts Domino's Pizza (DPZ) at Market Perform

March 29, 2021 4:11 PM EDT
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Price: $459.46 -0.16%

Rating Summary:
    23 Buy, 16 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 68
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(Updated - March 29, 2021 4:13 PM EDT)

BMO Capital analyst Andrew Strelzik initiates coverage on Domino's Pizza (NYSE: DPZ) with a Market Perform rating and a price target of $400.00.

The analyst comments "We are initiating coverage of Domino’s Pizza at Market Perform and a $400 target price, which implies 5-10% upside. We believe a patient approach is warranted as the lack of visibility into the cadence and trajectory of DPZ’s “return to normal” likely will limit upside for now. We also don’t see a compelling DPZ-specific valuation case to own shares into challenging comparisons. Longer term, though, we view favorably DPZ’s strategy, outlook, and opportunities. Our 2021/2022 estimates largely are in line with consensus and our target implies ~21x our 2022E EBITDA."

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 $371.84 yesterday.

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