Domino’s Pizza price target raised to $343 from $320 at Loop Capital

Loop Capital raised the firm’s price target on Domino’s Pizza to $343 from $320 but keeps a Hold rating on the shares. The firm’s latest U.S. franchisee checks indicate same-store sales growth came in ahead of expectations in Q2, growing about 2%, though they likely decelerated to flattish over the last two weeks of the quarter primarily due to a challenging “boost week” comparison, the analyst tells investors in a research note. Staffing conditions also continued to ease significantly as contacts indicated that they were able to offer lower starting wages in certain regions over the last 8-10 weeks, the firm adds.