Domino's Pizza Inc call volume above normal and directionally bullish » 12:0510/0310/03/22
Bullish option flow…
Bullish option flow detected in Domino's Pizza Inc with 2,258 calls trading, 2x expected, and implied vol increasing almost 2 points to 46.15%. Oct-22 315 calls and 10/7 weekly 380 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.39. Earnings are expected on October 13th.
Domino's Pizza price target lowered to $415 from $445 at Oppenheimer » 07:4510/0310/03/22
Oppenheimer analyst Brian…
Oppenheimer analyst Brian Bittner lowered the firm's price target on Domino's Pizza to $415 from $445 and keeps an Outperform rating on the shares. The analyst believes consensus earnings estimates through 2023 remain a bit too elevated, and adjusts his EPS forecasts lower. It appears investors have begun pricing this dynamic into shares with stock trading at 21-times forward price to earnings, a historically attractive entry, Bittner says. Identifying a path for same-store sales outperformance is the catalyst he is waiting to identify before more aggressively pitching Domino's.
Domino's Pizza price target lowered to $362 from $410 at Cowen » 08:0909/2709/27/22
Cowen analyst Andrew…
Cowen analyst Andrew Charles lowered the firm's price target on Domino's Pizza to $362 from $410 and keeps a Market Perform rating on the shares. The analyst said he remains on the sidelines and is increasingly cautious given industry checks suggesting a plateauing of driver staffing levels in 3Q, after slightly improving in 2Q22, and risk that 2023 openings trail 6%-8% long-term guidance.
|Over a week ago|
Early notable gainers among liquid option names on September 23rd » 09:5509/2309/23/22
DPZ, EQR, FIS, AON, UDR
Notable gainers among…
Notable gainers among liquid option names this morning include Dominos (DPZ) $329.63 +9.49, Equity Residential (EQR) $69.05 +0.83, Fidelity National Information Services (FIS) $81.48 +0.97, Aon PLC (AON) $275.12 +2.89, and UDR (UDR) $42.44 +0.43.
Street Wrap: Today's Top 15 Upgrades, Downgrades, Initiations » 09:3609/2309/23/22
FUBO, ALLY, APO, DDOG, DPZ, EQIX, STE, SHC, EVR, ZM, CMG, PROK, W, CINF, SPRO, DLR
Domino's Pizza price target lowered to $415 from $475 at Citi » 07:0209/2309/23/22
Citi analyst Jon Tower…
Citi analyst Jon Tower lowered the firm's price target on Domino's Pizza to $415 from $475 and keeps a Buy rating on the shares. Delivery metrics remained mostly steady quarter-over-quarter while net job postings remain elevated versus history, which indicates that Domino's operations have held in at stores despite the ongoing need for more delivery drivers, Tower tells investors in a research note. The analyst is modestly below Street estimates for Q3 but expects the company to discuss "slow and steady" progress on comp growth and driver hiring.
Domino's Pizza upgraded to Outperform from Market Perform at BMO Capital » 05:0109/2309/23/22
BMO Capital analyst…
BMO Capital analyst Andrew Strelzik upgraded Domino's Pizza to Outperform from Market Perform with an unchanged price target of $430. Against the backdrop of lowered near-term expectations, the stock offers an attractive risk/reward. His industry survey of 1,000 consumers shows a favorable demand and potentially improving labor dynamics. Concerns are already discounted into the shares while the survey indicates pizza category concerns are overblown, Strelzik tells investors in a research note. Survey respondents expect a net increase in pizza category spending over the next six months, with the strongest net increase expected at Domino's Pizza, notes the analyst.
Domino's Pizza initiated with an Equal Weight at Stephens » 16:3309/2209/22/22
Stephens analyst Joshua…
Stephens analyst Joshua Long initiated coverage of Domino's Pizza with an Equal Weight rating and $368 price target. While he maintains a favorable view on the Domino's brand, he thinks incremental pressures are mounting on the lower-income consumer to which Domino's is exposed, Long tells investors. The analyst, who also believes the company's delivery driver shortage has seen little improvement, admits his "view may prove overly conservative," but he prefers to await greater visibility into catalysts that can drive a meaningful acceleration in trends.
Domino's Pizza price target lowered to $373 from $421 at Deutsche Bank » 07:3509/2209/22/22
Deutsche Bank analyst…
Deutsche Bank analyst Brian Mullan lowered the firm's price target on Domino's Pizza to $373 from $421 and keeps a Hold rating on the shares ahead the Q3 results. The analyst believes investors expect a slight miss to the company's domestic same-store-sales consensus estimate of up 1.2%, "with the magnitude admittedly up for debate."
Bernstein starts Domino's at Underperform, sees 9% price downside » 16:3709/0709/07/22
Bernstein analyst Danilo…
Bernstein analyst Danilo Gargiulo initiated coverage of Domino's Pizza with an Underperform rating and $334 price target. Limited service restaurants is a challenging category of pizza, the analyst noted, as "consumers have access to more delivery options - a channel that was exclusive to the Pizza LSR segment only a few years ago." Additionally, Gargiulo believes competing aggregators will continue to reduce Domino's tech and delivery competitive advantage. The analyst sees profitability suffering short-term pressure, and forecasts a multiple contraction, leading to ~9% share price downside.