CFRA Maintains Hold Opinion On Shares Of Domino’s Pizza, Inc.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $483 from $370, 30.6x our 2024 EPS estimate, above DPZ’s five-year average forward P/E of 28.8x, reflecting better revenue growth prospects. We raise our 2024 EPS to $15.76 from $15.69 and set 2025’s at $17.58. DPZ posted Q4 EPS of $4.48 (+1.1% Y/Y), $0.08 above consensus. Revenue of $1,403M (+0.8% Y/Y) was $18M below consensus. Operating income increased 3.4% Y/Y to $257M vs. the $253M consensus, with margin widening 46 bps Y/Y to 18.3%. Same-store sales rose in the U.S. by 2.8%, but only increased 0.1% (ex-FX) internationally vs. the 3.3% consensus. In the U.S., DPZ saw growth in both carry-out and delivery transactions, while international closures, mainly in Russia and Brazil, weighed on revenue. DPZ also raised its dividend by […]
CFRA Maintains Hold Opinion On Shares Of Domino’s Pizza, Inc. Read Post »