Baird see Domino’s Pizza outperforming in 2018
Domino’s Pizza, the world leading pizza takeaway and delivery service, is primed to outperform its competitors. This is the view of Wall Street firm Baird, which recently issued a note to investors talking up the company’s long-term prospects. Domino’s has been a company at the forefront of the order and delivery fast food market for some time, adopting new technology and innovative approaches that keep their competitors on the back foot. Baird thinks this is set to continue in 2018.
Domino’s share price is up by 21% so far this year
SOURCE: Yahoo Finance
Analyst David Tarantino said: “We view Domino’s Pizza as a powerful growth story with an attractive business model that is capable of delivering healthy total shareholder returns on a near- and long-term basis.”
He continued, saying that Baird thinks the company is “well positioned to capitalize on a visible longer-term growth opportunity within the sizeable and fragmented global pizza category, and we see potential for solid operating momentum in 2018 to support positive investor sentiment.”
Domino’s has a lot going for it. At its last quarterly earnings, late in February, the company revealed that its revenue had risen by 8.8% while its earnings per share had risen by 31.1% (both year on year). Brazil Journal also broke the news that fast food giant Restaurant Brands International was planning to bid for the company.
At the time, Domino’s CEO, J. Patrick Doyle, said: “Without question, we are pleased with out fourth quarter and full-year 2017 performance – with results that continued to outpace the industry.” But they could have just been the tip of the iceberg.
Dominion holds Domino’s Pizza in its Global Trends Managed Fund.
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