BTIG Maintains Buy Rating for Domino's Pizza: Here's What You Need To Know

BTIG has decided to maintain its Buy rating of Domino's Pizza DPZ and lower its price target from $460.00 to $400.00.

Shares of Domino's Pizza are trading down 1.58% over the last 24 hours, at $303.00 per share.

A move to $400.00 would account for a 32.01% increase from the current share price.

About Domino's Pizza

Domino's is a restaurant operator and franchiser with nearly 19,000 global stores across more than 90 international markets at the end of 2021. The firm generates revenue through the sales of pizza, wings, salads, and sandwiches at company-owned stores, royalty and marketing contributions from franchise-operated stores, and its network of 25 domestic (and five Canadian) dough manufacturing and supply chain facilities, which centralize purchasing, preparation, and last-mile delivery for the firm's U.S. and Canadian restaurants. With roughly $17.7 billion in 2021 system sales, Domino's is the largest player in the global pizza market, ahead of Pizza Hut, Papa John's, and Little Caesars.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.