Domino's Pizza Inc.’s (NYSE: DPZ) demand weakness concerns seem "overblown," according to UBS analyst Dennis Geiger.
The Analyst: Geiger upgraded the rating for Domino's Pizza from Neutral to Buy, while reducing the price target from $430 to $385.
With food inflation still surging, up 8% for the twelve months ended August, and the Russia-Ukraine war adding to global food constraints, it's easy to see why restaurant brands and operators are experiencing diminishing margins on their bottom line.
Beyond Meat Inc (NASDAQ: BYND) Chief Operating Officer Doug Ramsey allegedly bit a man on the nose and was subsequently arrested for terroristic threatening and third-degree battery.