Market's view on Dominos
Published on April 2024
- There is anticipation of the stock price reaching 300p with no imminent news driving this expectation.
- Some stock watchers see potential for buying the stock at a lower price point such as below 300p or at 280p.
- The company has issued a 7.2p dividend.
- The market showed a lack of enthusiasm regarding the company’s expansion into Poland, possibly influenced by similar market responses to another company.
- Positive sentiment was observed as the share price returned to its pre-results level, suggesting a hopeful future for the company.
- There was a disagreement among stock watchers regarding the interpretation of recent financial results.
- Peel Hunt upgraded Domino’s Pizza to ‘buy’ with a price target of 425 pence.
- New menu items have been introduced, although they received criticism for not being authentically Italian.
- A price target of 450p is anticipated by the end of the year.
- Barclays downgraded Domino’s Pizza from ‘overweight’ to ‘equal weight’ and reduced the price target from 460 to 400 pence.
- The CEO’s optimistic outlook on expanding into other franchise businesses and acquiring more master franchises outside of the UK has impressed some investors.
- Positive feedback on the company’s strategy on buybacks and the potential for significant earnings growth due to these financial strategies.
- There are concerns about falling orders in the tough delivery market and criticism over the high pricing of the company’s products compared to supermarket alternatives.