Of the total 21 analysts who cover Domino’s Pizza (DPZ), 71.4% have given the stock “buy” recommendations, while 28.6% have given it “holds.” No analysts have given the stock “sell” recommendations. On average, analysts have given Domino’s a 12-month price target of $288.89, which represents a potential upside of 13.1% from its current price of $255.34 as of April 16.
On April 17, Morgan Stanley upgraded the stock to an “overweight” from an “equal-weight” rating and raised its price target from $268 to $283. Earlier, on March 19, JPMorgan Chase upgraded the stock from a “neutral” to an “overweight” while maintaining its price target at $270. Cowen also raised its price target from $290 to $295.
Ready to put your morning scrolling to use? Sign up for Bagels & Stox, our witty take on the top market and investment news straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.
Of the seven analysts following Papa John’s (PZZA), 71.4% have given the stock “buy” ratings, while the remaining 28.6% have given it “holds.” Analysts have given Papa John’s a 12-month price target of $53.33, implying a potential upside of 9.5% from its current price of $48.72.
Of the total 21 analysts that cover Yum! Brands (YUM), 38.1% have given it “buy” ratings, while 57.1% have given it “holds,” and 4.8% have given it “sells.” Analysts have given Yum! Brands a 12-month price target of $99.19, which represents a potential downside of 2.4% from its current price of $101.63.
The decline in Domino’s stock price since its announcement of its fourth-quarter earnings results has lowered its valuation multiple. On April 16, the company was trading at a forward PE multiple of 26.0x compared to its forward PE multiple of 29.2x before the announcement of its fourth-quarter earnings.
On the same day, Domino’s peers Papa John’s and Yum! Brands were trading at forward PE multiples of 39.5x and 25.7x, respectively.