Domino's stock has surged 28% this week after reporting better-than-expected earnings Thursday, and it's gained 47.5% over the last year, outpacing the S&P 500 index.
Domino’s DPZ, +0.15% stock has surged 28% this week after reporting better-than-expected earnings on Thursday. The news sent shares to a record-setting close of $373.16, up 25.6% for the day.
“Although we remain highly confident in the near- and long-term growth outlook for the company, we believe the expectations likely embedded in the current price create a less compelling risk/reward setup,” Stifel wrote. “We would consider becoming more constructive on pullbacks to the low-to-mid-$300 range.Read: Molson Coors is jumping into the hard seltzer category with Vizzy launch in March
“Since shares had their bottom, following the Q3 2019 release… they have outperformed the market by ~40 basis percentage points, leaving long-leaning shareholders victorious all the way home,” MKM’s Brett Levy wrote in a note. “Strategically, we believe in the company’s course, operationally, they may again be separating from their peers but, on a valuation basis, we do not feel comfortable chasing the shares up there.”Wedbush analysts “remain guardedly optimistic that the fourth quarter’s domestic same-store sales growth inflection is sustainable.” U.S. same-store sales increased 3.4% in the most recent quarter.
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