Domino’s Pizza, Inc. (NASDAQ:DPZ) is one of the 13 Best Fast Food Stocks to Buy. On December 9, RBC Capital reiterated its Sector Perform rating on Domino’s Pizza, Inc. (NASDAQ:DPZ) with a price target of $450.
Earlier, on December 2, Bernstein analyst Danilo Gargiulo also reaffirmed a Market Perform rating on Domino’s Pizza, Inc. (NASDAQ:DPZ) and kept the price target at $490. Bernstein believes that the pizza company can leverage its large size and take advantage of competitor weakness, which should help it gain more market share faster. The research firm expects Domino’s Pizza, Inc. (NASDAQ:DPZ) to follow a more aggressive value strategy, which will make it difficult for competitors to keep up and sustainably match these offerings.
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On the value front, the company’s management has suggested expectations for continued gains. Bernstein expects Domino’s Pizza, Inc. (NASDAQ:DPZ) to launch a new value program in 2026, which could be similar to the earlier “Best Deal Ever” and “emergency pizza” promotions. Additionally, the company also aims to spend more on advertising than its competitors. Such strategic moves align with the management’s aim of gaining market share by offering better deals and capturing sales from nearby competitors.
Bernstein pointed out other catalysts for Domino’s Pizza, Inc. (NASDAQ:DPZ). These include the full implementation of DoorDash in the third quarter, the launch of a stuffed-crust pizza at the end of the first quarter, and gains from the loyalty program.
Domino’s Pizza, Inc. (NASDAQ:DPZ) is an American multinational pizza company. With over 21,000 stores in more than 90 markets, it operates one of the largest restaurant chains in the world.
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Disclosure: None. This article is originally published at Insider Monkey.