Loop Capital keeps a Hold rating and $507 price target on Domino’s Pizza (DPZ). The firm’s U.S. franchisee checks indicate Q2 same-store sales growth came in line with expectations, rising 4.5%-5.0% in the quarter and accelerating to 5.0%-5.5% in the first three weeks of Q3, the analyst tells investors in a research note. Positively, Domino’s introduction of NY Style Pizza on April 15th generated an estimated 200-250bps lift to same-store sales over the last five weeks, though on the negative side, the company received only an estimated 100-150 bp sales lift over the last five weeks from its partnership with Uber (UBER) Eats, Loop added.
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