Domino's Pizza Continues To Be A Controversial Stock, Credit Suisse Says

Shivani Kumaresan

Mon, Oct 10, 2022, 2:51 PM1 min read

In this article:

Credit Suisse analyst Lauren Silberman reiterated a Neutral rating on the shares of Domino's Pizza Inc (NYSE: DPZ) and lowered the price target to $375 from $425.
The analyst thinks Domino's continues to be a controversial stock, with sentiments leaning more on the positive side.
Easing compares, incremental price and service improvements supportive of an acceleration in U.S. same-store sales, and its strong value positioning supportive of relative outperformance in a more challenging consumer backdrop are seen as positives in bulls' view.
The bear case points to the U.S. demand concerns amidst an increase in promotional activity.
The increased level of promotions, Silberman thinks, has fueled concerns on underlying demand based on the view that this level of activity would be unnecessary if same-store sales challenges were only related to delivery driver shortages.
Though bulls are hopeful that incremental price increases & potential 3P partnerships offer upside to same-store sales, the analyst continues to believe that 3P partnerships would be limited to white label fulfilment rather than marketplace presence.
Also Read: Is Domino's Pizza Still Hot? Demand Weakness Concerns Are 'Overblown,' Analyst Says
Price Action: DPZ shares are trading lower by 2.38% at $307.04 on the last check Monday.
Photo Via Wikimedia Commons

Latest Ratings for DPZ

Date	Firm	Action	From	To
Mar 2022	Loop Capital	Downgrades	Buy	Hold
Mar 2022	Guggenheim	Maintains		Neutral
Mar 2022	Citigroup	Maintains		Neutral

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Domino's Pizza Continues To Be A Controversial Stock, Credit Suisse Says

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