Stifel maintains Domino’s stock Buy rating, $500 target

Published 21/03/2025, 13:34
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On Friday, Stifel analysts reiterated a Buy rating on Domino’s Pizza (NASDAQ:DPZ) shares with a consistent price target of $500.00. The stock has shown strong momentum, gaining over 9.5% in the past week and currently trading at $466.05. Following recent investor meetings with CEO Russell Weiner and CFO Sandeep Reddy, the firm’s stance remains positive. According to InvestingPro data, the company maintains solid profitability metrics with a gross margin of 28.4%. The management team conveyed confidence in Domino’s prospects for gaining further market share within its category, despite acknowledging that weaker consumer spending has somewhat muted the effectiveness of their strategies.

Domino’s Pizza has launched several initiatives aimed at boosting domestic sales, building on its current revenue of $4.7 billion and 5.1% year-over-year growth. These include the introduction of two new products, with the Parmesan Stuffed Crust pizza debuting on March 3, 2025, expansion into new third-party platforms that are expected to contribute to second-half 2025 performance, continued growth of its loyalty membership, and an active promotional schedule. InvestingPro analysis reveals the company trades at a P/E ratio of 27.6x, suggesting investors are pricing in significant growth expectations. The company’s significant scale is seen as a competitive edge, making it challenging for smaller rivals to offer comparable value without compromising their franchisees’ profitability.

Over the past ten years, Domino’s has significantly increased its share of the market. The company has achieved approximately a 10-percentage point rise in category market share, driven by same-store sales (SRS) gains and new unit openings. During this period, Domino’s has added around 1,900 net new units, contrasting with the more than 1,200 net unit closures by its top three competitors. Stifel analysts anticipate that Domino’s will continue to capture around 1% of market share annually.

The analyst’s commentary underscores the various factors contributing to Domino’s strategic positioning and market performance. With the company’s ability to navigate consumer spending patterns and its aggressive market share acquisition, Stifel’s outlook on Domino’s shares remains unchanged and optimistic. For deeper insights into Domino’s financial health and growth prospects, InvestingPro subscribers can access comprehensive analysis, including 8 additional ProTips and detailed valuation metrics in the Pro Research Report, available for over 1,400 US stocks.

In other recent news, Domino’s Pizza reported mixed fourth-quarter earnings, with revenue slightly below expectations at $1.44 billion compared to the projected $1.48 billion. The company also experienced a modest 0.4% growth in U.S. same-store sales, falling short of the anticipated 1.1%. Despite these challenges, Domino’s achieved adjusted earnings per share of $4.89, just shy of the $4.91 consensus, supported by better-than-expected supply chain margins and reduced administrative expenses. UBS maintained a Buy rating with a $540 price target, highlighting the company’s potential for growth through U.S. sales initiatives and global unit expansion. Similarly, Benchmark reiterated its Buy rating, setting a $520 target, emphasizing Domino’s ability to maintain market share gains in a cost-conscious environment.

In executive developments, Domino’s announced key promotions, including Joseph Jordan as the new chief operating officer and president of Domino’s U.S. The company also introduced its first-ever Parmesan stuffed crust pizza, aiming to enhance its product offerings and drive growth through innovation. Bernstein maintained a Market Perform rating with a $440 price target, noting Domino’s resilience amid macroeconomic pressures and its strategic focus on market share expansion. These recent developments reflect Domino’s ongoing efforts to navigate economic challenges while pursuing growth through strategic initiatives and leadership changes.

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