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DPZ - Domino's Pizza Inc News Story

$394.8 -3.3  -0.8%

Last Trade - 9:10pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £11.08bn
Enterprise Value £13.83bn
Revenue £2.95bn
Position in Universe 714th / 6852

BUZZ-India's Jubilant Foodworks at record high on deal with Domino's Pizza franchisee

Mon 22nd February, 2021 5:36am
** Indian franchise partner of Domino's Pizza  DPZ.N  and
Dunkin' Donuts  JUBI.NS  gains as much as 5% to a record high of
3,099.25 rupees
    ** JUBI on Friday said it would acquire Fides Food Systems
Coöperatief U.A., Netherlands through a unit for about 24.8 mln
pounds ($34.77 mln)  urn:newsml:reuters.com:*:nFWN2KP01U
    ** JUBI's Fides acquisition is in order to indirectly hold
Fides' 32.81% stake in DP Euraisa NV  DPEU.L , the exclusive
master franchisee of the Domino's Pizza brand in Turkey, Russia,
Azerbaijan and Georgia 
    ** "We are positively surprised by JUBI's investment in DP
Eurasia...Compared to earlier ventures, we believe this is more
likely to expand and would benefit from JUBI's experience of
profitably scaling up Domino's in India," says Ambit Capital Pvt
Ltd 
    ** More than 1.3 mln shares trade, 1.4 times the 30-day
moving avg of ~972,000 shares
    ** Twenty of 29 analysts covering the stock have a "buy" or
higher rating, 6 have "hold" while 3 rate it at "sell" or lower;
median PT is 2,941 rupees - Refinitiv data
    ** Stock rose 68.9% in 2020, and is up 5.7% YTD



($1 = 0.7133 pounds)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))
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