share_log

Domino's Pizza Succeeds In Driving More Traffic: Analysts Revise Forecasts After Q1 Results

Benzinga ·  Apr 30 12:27

Domino's Pizza Inc(NYSE:DPZ) shares were climbing Tuesday after the company reported better-than-expected first-quarter results.

The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.

BMO Capital Markets On Domino's Pizza

AnalystAndrew Strelzikreiterated an Outperform rating while raising the price target from $535 to $575.

Domino's Pizza reported first-quarter earnings of $3.58 per share, surpassing consensus of $3.41 per share, with the beat being "driven by stronger comps, higher supply chain profits, and a lower tax rate," Strelzik said in a note.

The company "continues to realize...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment