UPDATE: Miller Tabak Raises PT to $52 on Domino's Pizza Following Strong Quarter, New Dividend

Miller Tabak maintained Domino's Pizza

with a Buy rating and raised the price target from $50.00 to $52.00. Miller Tabak noted, "In our view, DPZ's focus on new products—rather than steep discounts—will continue to help the company deliver not only segmentleading comp growth and market share gains, but also increased profits. We also expect international new unit expansion to be an important lever for sustained double-digit EPS growth, and given the strong finish to 2012 new unit development, we anticipate this expansion overseas will accelerate in the next two years. We view DPZ's new dividend as a positive, though think the company still has ample cash for EPS-boosting share buybacks." Domino's Pizza closed at $48.27 on Friday.