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
$33.73 |
Change
0.610(1.84%) |
Mkt cap ! $3.067B | |||
| Open | High | Low | Value | Volume |
| $33.22 | $34.11 | $33.20 | $24.32M | 719.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 152 | $33.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.74 | 155 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DMP (ASX) Chart |