Domino's Pizza Enterprises Ltd (ASX: DMP)
Analysts at Goldman Sachs have just turned positive on this pizza chain operator's shares following an update last week. The broker was pleased to see that management is now re-prioritising store unit economics over store growth after announcing a large number of store closures in Japan and France.
In response to the news, Goldman Sachs upgraded the ASX share to a buy rating with an improved price target of $42.20 (from $36.30). Based on its current share price of $33.73, this implies potential upside of 25% for investors over the next 12 months. Goldman believes that "refocusing on store unit economics to restart virtuous growth cycle."
Another positive is that Goldman expects dividend yields of 3.2% in FY 2024 and then 3.9% in FY 2025.
DMP Charts, page-66
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Last
$30.95 |
Change
-1.980(6.01%) |
Mkt cap ! $2.814B | |||
| Open | High | Low | Value | Volume |
| $32.90 | $33.44 | $30.82 | $22.17M | 707.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 472 | $30.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.00 | 710 | 2 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| DMP (ASX) Chart |