Domino's Pizza (DPZ) PT Lowered to $435 at Oppenheimer
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'No Low-Hanging Fruit to Pick': Domino's Pizza (DPZ) Stock Dips on BTIG Downgrade to Neutral After an 'Unpleasant Print'
April 29, 2022 9:10 AM EDTBTIG analyst Peter Saleh downgraded DPZ to Neutral from Buy as a follow-up on the companys earnings report released yesterday.
The pizza restaurant chain reported a Q1 EPS of $2.50, down from $3 in the year-ago period, missing the consensus estimates of $3.06. Revenue came in at $1.01 billion, up 2.8% YoY and just below the expected $1.03 billion.
DPZ reported total domestic stores comp growth of -3.6%, while analysts were expecting -1.21%. Domestic franchise comp growth stood at -3.2%, compared to the consensus estimates of -1.18%. DPZ reported a Q1 operating margin of 36.5%, compared to 39.6% in the year-ago period and analyst expectations... More

