BTIG Reiterates Buy on Domino's Pizza (DPZ) Following 4Q Beat
BTIG reiterated a Buy rating and $195.00 price target on Domino's Pizza (NYSE: DPZ) following the company's 4Q earnings report. Domino’s Pizza reported EPS of $1.48, above the consensus of $1.44. Domestic comparable sales increased 12.2%, considerably above 9.6% estimates.
Analyst Peter Saleh commented, "Domino’s continues to widen the gap between itself and other restaurant concepts as its compelling digital advantages and consistent offering drive impressive and significantly above-industry sales results. We expect this momentum to continue as technology and the significant work of the past several years on the brand and the product offering have repositioned Domino’s to consumers. While mindful of recent industry trends and the late-January/February sales downturn seen by other concepts (which management wouldn’t directly speak to, consistent with practice), we expect Domino’s sales will prove to be more resilient than others as recent quarters have demonstrated. We continue to see Domino’s as operating in a league of its own among restaurants, we reiterate our Buy rating."
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Shares of Domino's Pizza closed at $185.42 yesterday.