Domino's Australian franchise operator gains after UBS hikes PT

Dominos Pizza Enterprises

07/01/2026 02:50

** Shares of Domino's Pizza Enterprises DMP.AX rise as much as 5.6% to A$22.39, a peak since December 19

** Stock among top gainers on the broader ASX 200 index .AXJO

** Stock logs biggest intraday pct gain since November 26

** UBS raises price target on the largest master franchise of U.S.-based Domino's Pizza DPZ.O to A$24 from A$21.5, retains "buy" call

** Brokerage also upgrades EPS estimates by 1.1%, 2.6% and 3% for fiscals 2026, 2027 and 2028, respectively

** Says there is greater confidence that cost savings will be realised in FY2026

** Adds, prospects of existing and new cost savings is expected to support franchisee EBITDA, which will contribute to the reduction of company support and a return of store growth from FY28

** Domino's declined 28.7% last year

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))