BTIG has lowered its price target for Domino’s Pizza (DPZ) to $500 from $530, while reiterating a “Buy” rating. The firm expressed concerns about Domino’s ability to consistently achieve its 3% annual same-store sales growth target, despite the company’s focus on expanding its global footprint. Domino’s asset-light, franchise-heavy model supports strong free cash flow generation and consistent dividend increases, making it an attractive investment for some.
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BTIG Trims Domino's (DPZ) Price Target, Cites Same-Store Sales Growth Concerns
BTIG has lowered its price target for Domino’s Pizza (DPZ) to $500 from $530, while reiterating a “Buy” rating. The firm expressed concerns about Domino’s ability to consistently achieve its 3% annual same-store sales growth target, despite the company’s focus on expanding its global footprint. Domino’s asset-light, franchise-heavy model supports strong free cash flow generation and consistent dividend increases, making it an attractive investment for some.