Domino's Pizza target raised to $385, UBS sees U.S. market gains

UBS raised its price target for Domino's Pizza (DPZ) to $385 from $375. The firm reiterated its Buy rating for the stock.

Investor meetings in Europe increased optimism regarding U.S. market share gains. UBS expects the company to achieve sustained same-store sales growth.

Management reported significant growth in U.S. order counts during the second quarter. Key growth drivers include new menu items, value promotions, and loyalty programs.

The company continues to integrate with third-party delivery platforms. UBS noted the effective execution of the Hungry for MORE strategy.