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DPZ

Domino's Pizza

$253.99

11.49 (4.74%)

08:23
10/09/19
10/09
08:23
10/09/19
08:23

Domino's Pizza price target raised to $271 from $261 at Wells Fargo

Wells Fargo analyst Jon Tower raised his price target for Domino's Pizza to $271 from $261 saying that with the company lowering its domestic and international same-store sales outlook for the next 2-3 years, a bit of the bear overhang was removed from the stock. Further, with the company demonstrating a willingness to manage costs more aggressively going forward, the analyst thinks the chances of future negative EBITDA revisions was lowered. However, management offered little to assuage concerns that pressure from third-party delivery will abate in the near-term or that consumer behavior will materially shift if promotional activity in that channel begins to wane, he adds. Tower reiterates a Market Perform rating on the shares.

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DPZ Domino's Pizza
$253.99

11.49 (4.74%)

10/09/19
ARGS
10/09/19
DOWNGRADE
ARGS
Hold
Domino's Pizza downgraded to Hold from Buy at Argus
10/09/19
SPHN
10/09/19
NO CHANGE
Target $300
SPHN
Overweight
Domino's lowered outlook 'should look highly achievable,' says Stephens
Stephens analyst Will Slabaugh said Domino's Pizza's U.S. comp growth in Q3 was better than feared and its EPS would have beaten his and consensus estimates if not for a higher than modeled tax rate. He also believes the company's new, lower 2-3 year outlook "should look highly achievable to the market" compared to the prior 3-5 year outlook that many were starting to see as unattainable. The analyst, who thinks Domino's shares could see re-valuation once the 2-year comps stabilize in upcoming quarters, keeps an Overweight rating and $300 price target on the stock.
10/09/19
COWN
10/09/19
NO CHANGE
Target $295
COWN
Outperform
Domino's Pizza price target raised to $295 from $260 at Cowen
Cowen analyst Andrew Charles raised his price target on Domino's Pizza to $295 from $260 following Q3 results. The analyst said his total return and earnings growth thesis remains intact despite the lowered guidance from the company. He continues to like the setup heading into 2020 better than Q4 which has proven to be seasonally challenging for the business. Charles reiterated his Outperform rating on Domino's Pizza shares.
10/09/19
ARGS
10/09/19
DOWNGRADE
ARGS
Domino's Pizza cut to Hold at Argus after Q3 miss, new medium term outlook
As previously reported, Argus analyst John Staszak downgraded Domino's Pizza to Hold from Buy after its worse than expected Q3 revenue and earnings reported yesterday along with its new 2-3 year outlook of global retail sales growth of 7%-10% - down from its prior 3-5 year outlook of 8%-12% growth. The analyst is also lowering his FY19 EPS view by 5c to $9.35 and his FY20 view by 10c to $10.90. Staszak notes that food delivery competition from 3rd party services like DoorDash, GrubHub (GRUB), and Uber Eats (UBER) will reduce the same-store sales growth at Domino's Pizza going forward while also reducing the delivery labor supply and raising wage costs for the company. The analyst adds that at 27.1-times his expected FY19 earnings, Domino's Pizza shares "adequately reflect" the prospects for rising costs and slowing same-store sales growth.

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