Stifel analyst Chris O’Cull raised the firm’s price target on Domino’s Pizza (DPZ) to $550 from $500 and keeps a Buy rating on the shares. The firm evaluated year-over-year visitation performance for several restaurant chains and found mixed results among several major chains, the analyst tells investors. While the firm’s analysis confirmed comments recently made by McDonald’s (MCD) and Olive Garden’s (DRI) management teams, and the firm estimates that Starbucks (SBUX) is also seeing some challenges with lower-income consumers, several restaurant chains, ranging from Chipotle (CMG) to Chili’s (EAT), appear to be performing well among this income group, the analyst noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DPZ:
- Domino’s Pizza price target raised to $560 from $510 at Evercore ISI
- H&R Block, Domino’s Pizza partner to incentivize last-minute tax filers
- Loop Capital checks suggest Q1 comps growth at Domino’s Pizza below expectations
- Domino’s Pizza price target raised to $550 from $525 at TD Cowen
- Shake Shack (NYSE:SHAK): Margin Woes Threaten the Stock’s Momentum