Domino’s Pizza franchisee checks see comps growth slowing, says Loop Capital

Loop Capital keeps a Hold rating and $383 price target on Domino’s Pizza (DPZ) stock while noting that the firm’s latest U.S. franchisee checks indicate same-store sales growth has decelerated over the last seven weeks, even though the quarter-to-date trends are still tracking modestly ahead of expectations. Contacts are also “largely skeptical” ahead of the company’s planned nationwide rollout with Uber (UBER) Eats over the next four months, with the key concern being that a signification portion of orders made through Uber Eats will cannibalize sales that would have otherwise been generated directly with Domino’s, the firm added.