Citi stays neutral on Australia's Domino's Pizza Enterprises

Dominos Pizza Enterprises

10/03/2024 21:39

** Analysts at Citi remain neutral on Australia's fast-food
retailer Domino's Pizza Enterprises  DMP.AX  
    ** Brokerage says post H1 FY24 results, bit more bullish on
DMP's ability to execute
    ** Adds worthwhile waiting to see if recent improved
momentum in Japan continues and if France starts to show signs
of turnaround    
    ** While the ANZ (Australia, New Zealand) performance has
been stellar, "comps" become much harder to cycle from mid-year
- Citi 
    ** Says also concerned if short to medium-term roll out
estimates become too high and would need to come down for DMP
    ** Six of 14 analysts rate the stock "buy" or higher, six
"hold" and two "sell" or lower; their median PT is A$45.82 –
LSEG data
    ** DMP down 22.6% YTD, as of last close

 (Reporting by Roshan Thomas in Bengaluru; Editing by Sandra
Maler)
 ((Roshan.Thomas@thomsonreuters.com))