Oppenheimer Reiterates Perform on Domino's Pizza on Heightened Risk Ahead
In a report published Wednesday, Oppenheimer analyst Brian Bittner reiterated a Perform rating on Domino's Pizza (NYSE: DPZ).
In the report, Oppenheimer noted, “Another impressive domestic and Int'l comp (~5%) highlights rock solid operations, but model's restricted earnings leverage and higher G&A kept EPS in check ($0.51, vs Street's $0.52). We love the business and strategy, but reiterate our recent Perform rating, given heightened risk as SSS enter tough cycle with a stretched stock valuation and few catalysts for major earnings revisions.”
Domino's Pizza closed on Tuesday at $64.90.
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