Domino’s Pizza, Inc. (DPZ) A Top Mid-Cap Stock to Own for Decades Amid Leadership Changes

Domino’s Pizza Inc. (NASDAQ:DPZ) is one of the top mid-cap stocks to own for decades, according to hedge funds. On June 23, BTIG analyst Peter Saleh reiterated a Buy rating on Domino’s Pizza Inc. (NASDAQ: DPZ) but lowered the price target to $425 from $450. Despite the cut the new price target represents significant upside as the stock is trading at about $304 a share.

Domino’s Pizza, Inc. (DPZ) A Top Mid-Cap Stock to Own for Decades Amid Leadership Changes

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The price target cut is in response to the company’s announcement of the imminent retirement of chief executive officer Russell Wiener. He steps down after significant success during the four years at the helm, including turning around the company’s US business. Weiner is to take over as the executive Chairman on October 1.

Domino’s Pizza has already named Chief Operating Officer Joe Jordan as Russell’s successor. Jordan was selected because of his extensive experience with the company, which will be crucial in the uncertain economic environment characterized by tight consumer spending.

Domino’s Pizza, Inc. (NASDAQ:DPZ) operates as a multinational restaurant chain and franchise company. It primarily makes, sells, and delivers pizzas, pasta, wings, and side dishes. The company functions as both a franchisor (licensing the brand to independent owners) and an operator, while running central supply chain facilities that distribute ingredients to its stores.

While we acknowledge the risk and potential of DPZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DPZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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