RBC Capital Reiterates Outperform Rating on Domino's Pizza (DPZ)

RBC Capital analyst Christopher Carril reiterated an Outperform rating and $575.00 price target on Domino's Pizza (NYSE: DPZ).

The analyst comments "We hosted an NDR with DPZ's CEO Russell Weiner and VP of IR Greg Lemenchick in Toronto yesterday where the discussions revolved around the health of consumer, pricing philosophy, drivers of share gains, franchisee profitability, carryout flywheel, new loyalty program and 3P delivery partnerships. We come away with higher confidence in franchisee profitability growth and the company's ability to drive order growth despite macro softness which should support unit growth LT. Reiterate OP as we believe the company has runway to gain share and can better withstand potential further macro slowdown relative to competitors."

For an analyst ratings summary and ratings history on Domino's Pizza click here. For more ratings news on Domino's Pizza click here.

Shares of Domino's Pizza closed at $533.64 yesterday.

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