BMO raises Domino’s Pizza stock target to $515, keeps Outperform

Published 25/02/2025, 14:42
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On Tuesday, BMO Capital Markets adjusted its outlook on Domino’s Pizza (NYSE:DPZ) shares, raising the price target to $515 from the previous $500, while maintaining an Outperform rating on the stock. According to InvestingPro data, the stock currently trades at a P/E ratio of 27.5x and shows strong financial health with an overall score of "GOOD." The move follows Domino’s Pizza’s fourth-quarter earnings, which met consensus expectations with earnings per share (EPS) of $4.89. Despite softer comparable store sales (comps) in the U.S., the company balanced the scales with favorable general and administrative (G&A) costs and supply chain profits.

Domino’s Pizza has confirmed its guidance for 2025, anticipating global retail sales growth to remain consistent with the 2024 figure of approximately 6% and projecting around 8% growth in operating profit. The company expects a 3% increase in U.S. comp sales, with a stronger performance in the second half of the year.

According to BMO Capital, although the consumer spending environment has curbed growth compared to initial expectations, Domino’s Pizza continues to capture market share and is well-positioned to accelerate its comp growth. The firm attributes this potential to clear sales drivers that could boost the company’s performance going forward.

Domino’s Pizza’s ability to navigate a challenging environment and the prospect of reaccelerated comp growth are among the reasons BMO Capital cited for the price target increase. The analyst’s commentary reflects confidence in the company’s strategic direction and operational efficiency, suggesting that Domino’s Pizza remains a top pick within the restaurant sector.

In other recent news, Domino’s Pizza reported mixed fourth-quarter earnings with an earnings per share (EPS) of $4.89, slightly below the consensus estimate of $4.90. Domino’s U.S. franchised same-store sales grew by 0.5%, missing Loop Capital’s expectation of 2.5% growth. However, international same-store sales rose by 2.7%, surpassing the consensus estimate of a 1.3% increase. Loop Capital responded by lowering its price target for Domino’s to $555 while maintaining a Buy rating. Evercore ISI reiterated an Outperform rating with a $480 price target, citing potential strong same-store sales growth in the latter half of 2025 due to new marketing strategies and product offerings.

Morgan Stanley (NYSE:MS) maintained its Overweight rating with a $496 target, noting Domino’s plans to expand its aggregator platforms and extend its Uber (NYSE:UBER) exclusivity agreement. TD Cowen also reaffirmed a Buy rating with a $490 target, highlighting Domino’s strategic focus and potential sales increase from integrating DoorDash (NASDAQ:DASH) services. Truist Securities expressed confidence in DoorDash, maintaining a Buy rating with a $235 target, amidst Domino’s extended partnership with Uber Eats and potential future collaboration with DoorDash. These developments indicate ongoing strategic shifts and performance expectations for Domino’s Pizza in the coming years.

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