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DMP Dominos Pizza Enterprises News Story

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Domino's Pizza Enterprises extends gains as analysts point to growth catalysts

** Shares in Australia's Domino's Pizza Enterprises DMP.AX gain as much as 6.2% to A$17.59

** Stock rallied on Tuesday following media reports of a potential takeover approach by Bain Capital, but pared some gains after DMP denied such reports

** Media attention highlights DMP's potential for a turnaround, said analysts at Morningstar

** Morningstar expects co's network sales growth to re-accelerate in the medium term; sees the resetting of pricing strategy to improve franchisee profitability and revive same-store sales growth

** Analysts at Jefferies believe there is a material upside if DMP can improve execution

** Brokerage expects a subdued AGM sales update, but cost-out will likely be quantified, which could be a positive catalyst

** Stock down 41.6% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))

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