Dominos: Tasty Pepperoni

We’re upgrading our rating of Domino’s Pizza from hold to buy as the valuation of the stock has “come back to earth”. The stock trades at 20x fwd earnings, a significant discount to its historical P/E of +30x earnings. Domino’s fundamentals remain in tact: Q1 global retail sales grew +5.9% during this period, demonstrating the […]