RBC Capital on Domino's Pizza (DPZ): 'Some Category Softness but Expect DPZ to Continue Taking Share'
RBC Capital analyst Logan Reich reiterated an Outperform rating and $500.00 price target on Domino's Pizza (NASDAQ: DPZ).
The analyst commented: "Some category softness but expect DPZ to continue taking share; DPZ will report 4Q earnings before market open on 2/24. Key questions we’re focused on: 1) US demand trends and market share given that competitors’ 4Q results suggested incremental category softness q/q; 2) will the company announce a partnership with DASH and how much could that contribute to the model; and 3) is there line of sight on improvement in the international business. Despite the recent stock outperformance, the potential for a DASH partnership announcement and more positive tone on international leaves us constructive going into Monday’s print despite our lowering estimates slightly."
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Shares of Domino's Pizza closed at $475.35 yesterday.
