Fri Sep 20 13:16:54 UTC 2024: ## Domino’s Pizza Holds Steady Despite Slowing Sales Growth
**New York, NY** – Loop Capital has maintained its Hold rating on Domino’s Pizza (NYSE: DPZ) shares with a price target of $419.00, citing solid performance despite a slight slowdown in same-store sales growth. The firm’s analysis revealed that Domino’s same-store sales growth, while still positive, decelerated from 4.5% in the early part of the third quarter to 3.0-3.5% in the final weeks.
Despite this moderation, Domino’s third quarter same-store sales are estimated to have increased by 4%, aligning with Loop Capital’s projections and slightly exceeding market expectations. The firm attributes the Hold rating to a multiple of 24 times their 2025 earnings per share estimate.
While Loop Capital remains optimistic about Domino’s overall performance, recent analyst adjustments reflect varying views on the company’s future trajectory. Stifel maintains a Buy rating with a price target of $480, expecting Domino’s to outperform rivals in the quick-service restaurant (QSR) pizza sector. TD Cowen, also holding a Buy rating, lowered its price target to $475 due to concerns about slowing U.S. same-store sales.
Other analysts like Baird, BMO Capital, and Oppenheimer have also adjusted their price targets while maintaining positive outlooks, citing Domino’s strong competitive advantages and potential for growth.
Despite recent price declines, Domino’s remains financially stable with a strong track record of shareholder returns, including consecutive dividend increases and consistent profitability. InvestingPro provides further insights into the company’s financial health and market standing, highlighting a market capitalization of $14.4 billion and a P/E ratio of 24.96.
For investors seeking deeper analysis, InvestingPro offers additional tips and a fair value estimate of $397.39, providing a comprehensive assessment of Domino’s Pizza’s financial performance and future prospects.
First Piper 