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- Domino's Pizza, Inc. (NYSE: DPZ) has seen a 37.64 percent increase in its share price over the past year.
- Longbow’s Alton Stump has reiterated a Buy rating and price target of $135 on Domino’s Pizza.
- The company has reported accelerated same-store sales growth for the past several quarters and Stump expects Domino’s to continue to meaningfully beat expectations going forward.
“We believe Domino’s is still in the fairly early innings of its mobile technology story, which should drive significant comp upside via share gains over smaller competitors for at least the next couple, if not several, years,” Stump elaborated.
The company is expected to generate EPS of almost $8 in five years, primarily due to comp growth in North America, along with rapid growth in new and same store sales in the international markets.
In addition, “the company’s worldwide net store growth accelerated into a high-single-digit range over the last half-decade driven by its international operations,” the Longbow report stated.
Stump expects Domino’s to continue to expand its international store count rapidly over the next five to 10 years, while adding that the stock “represents a select group within the publicly-traded restaurant sector that could generated accelerated same-store AND new store growth globally over the next 3-5 years.”
Image credit: Public Domain
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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