Domino’s Pizza Q4 SSS on pace to top expectations, says Loop Capital

Loop Capital analyst Alton Stump keeps a Buy rating and $559 price target on Domino’s Pizza (DPZ) but notes that the firm’s latest checks indicate that the company is on pace to beat expectations in Q4. According to the latest round of checks with its domestic Domino’s franchisee contacts, Loop notes that the company’s same-store sales held up in a 2.5%-3.0% range over the last four weeks and are therefore tracking in line with its full Q4 estimate for 3.0% growth, though this is also ahead of consensus of up 1.9%, the analyst tells investors in a research note.