Name of opportunity: 👀
Domino’s Pizza, Inc
On the up:☝️
When Domino’s shared its Q3 results, the stock initially fell in value slightly, but then on Friday it soared by 5%. Since then, it has fallen somewhat, but still remains 3.62% higher than it was a week ago. The stock did not meet analysts’ average estimates for revenue. However, the company did reiterate its full year guidance, with management sharing that they expect profit to grow by 8% compared to 2023.
How hot is this investment opportunity? 🔥🔥🔥
This stock is currently considered to be a ‘Buy’. Analysts predict the price of Domino's Pizza, Inc. will increase from $425.55 to $553.31 in the next 12 months. If you invested $1000, you might profit $298.88.
One reason why analysts are recommending Domino’s stock is the company’s strong full year guidance. The company thinks global retail sales will grow in 2024 by 6%.
Some analysts think that Domino’s focus on value would help the pizza company maintain its market share. They highlighted the return of the Emergency Pizza Program, which gives anyone who buys a pizza from 8 October to 19 January next year one free medium sized pizza to claim whenever they want. Domino’s has also partnered with DoorDash, expanding its reach when it comes to delivery.
Domino’s is also an income stock, with a current dividend yield of 1.41% that is not the highest, but will certainly give investors a bit of steady income.
Grab a slice: 🍕
Domino’s Pizza, Inc is a pizza company, which operates two distinct service models within its stores with a significant business in both delivery and carryout. The company operates through three segments: U.S. stores, international franchise and supply chain. Domino's Pizza has over 20,500 stores around the world and has a presence in more than 90 international markets.
Which neme?: 🔍
‘Food & Drink’
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