Piper Sandler: Opportunity on DPZ, SBUX, CMG, PTLO, SHAK, BSY, PTC, YUM, and WEN
- June 14th, 2023
- 259 views
Domino's Pizza, Inc. (NYSE: DPZ), a leading global pizza delivery and carryout chain, has been initiated with an Overweight rating by Piper Sandler, who also announced a price target of $349.
With $DPZ closing at $301.89 on Tuesday, this price target suggests a potential upside of $47.11 or 15.6% based on the brokerage firm's analysis.
Starbucks Corporation (NASDAQ: SBUX), a renowned multinational chain of coffeehouses, has been assumed with a Neutral rating by Piper Sandler, along with a price target of $107.
While $SBUX closed at $99.26 on Tuesday, this price target implies a potential upside of $7.74 or 7.8% according to the investment firm's perspective.
Chipotle Mexican Grill, Inc. (NYSE: CMG), a popular fast-casual restaurant chain specializing in Mexican-inspired cuisine, has been assumed with a Neutral rating by Piper Sandler, accompanied by a price target of $2075.
Based on Tuesday's closing price of $2,065.73, this price target suggests a potential upside of $9.27 or 0.45% for $CMG, based on the brokerage firm's analysis.
Portillo's Inc. (NASDAQ: PTLO), a well-known American restaurant chain famous for its Chicago-style food offerings, has been assumed with an Overweight rating by Piper Sandler, along with a price target of $24.
With $PTLO closing at $20.87 on Tuesday, this price target implies a potential upside of $3.13 or 15.0% according to the investment firm's perspective.
Shake Shack Inc. (NYSE: SHAK), a popular fast-casual restaurant chain renowned for its burgers, fries, and shakes, has been assumed with an Overweight rating by Piper Sandler, who announced a price target of $84.
Despite $SHAK closing at $70.14 on Tuesday, this price target indicates a potential upside of $13.86 or 19.8% as per the brokerage firm's analysis.
Bentley Systems, Incorporated (NASDAQ: BSY), a leading global provider of software solutions for infrastructure engineering, has been initiated with an Overweight rating by Piper Sandler, accompanied by a price target of $60.
Based on Tuesday's closing price of $52.84, this price target suggests a potential upside of $7.16 or 13.6% for $BSY based on the investment firm's view.
PTC Inc. (NASDAQ: PTC), a prominent software and services company specializing in product development and management, has been initiated with a Neutral rating by Piper Sandler, along with a price target of $150.
With $PTC closing at $140.97 on Tuesday, this price target implies a potential upside of $9.03 or 6.4% according to the brokerage firm's analysis.
Yum! Brands, Inc. (NYSE: YUM), a multinational corporation that operates several fast-food restaurant chains, including KFC, Pizza Hut, and Taco Bell, has been initiated with a Neutral rating by Piper Sandler, who announced a price target of $142.
Despite $YUM closing at $135.98 on Tuesday, this price target indicates a potential upside of $6.02 or 4.4% based on the investment firm's analysis.
The Wendy's Company (NASDAQ: WEN), a well-established fast-food restaurant chain known for its square-shaped hamburgers, has been assumed with an Overweight rating by Piper Sandler, accompanied by a price target of $25.
Based on Tuesday's closing price of $22.01, this price target suggests a potential upside of $2.99 or 13.6% for $WEN, as per the brokerage firm's analysis.
It's important to note that the potential upsides mentioned above are based on Piper Sandler's views and analysis of the respective companies. Investors should consider conducting their own research and analysis before making any investment decisions.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
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