Goldman Sachs Reiterates Buy Rating on Domino's Pizza (DPZ)
Goldman Sachs analyst Christine Cho reiterated a Buy rating and $515.00 price target on Domino's Pizza (NYSE: DPZ).
The analyst comments "DPZ traded -1.1% vs. the S&P 500 -0.2% and franchised fast-food peers -0.9% today after falling slightly short of consensus estimates on US SSSG (+3.0% vs. Visible Alpha estimates of 3.5%), as well as International SSSG (+0.8% vs. consensus of +2.8%). We remain Buy-rated on DPZ as we expect solid growth in the next 3 years (7.1% sales CAGR/12.2% EPS CAGR in '23-'26E) driven by the rewards program and the 3PD opportunity. We believe Domino's will continue to be the leader in the pizza space, taking market share both from pizza competitors and other fast food brands as the company provides a compelling value offering for customers."
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Shares of Domino's Pizza closed at $408.75 yesterday.