Citi analysts are choosing to keep their stance neutral on the fast-food retailer based in Australia, Domino’s Pizza Enterprises (ASX:DMP).

Post H1 FY24 results, the brokerage house has become somewhat more bullish on Domino’s ability to perform and execute effectively.

Despite witnessing improved momentum in the Japanese market recently, they belive it is worth waiting to see if this progress continues and if France starts to show signs of shift.

The performance of Domino’s in Australia and New Zealand has been admirable, however, ‘comps’ or comparable store sales will become increasingly challenging to maintain from the middle of the year, as per Citi.

It raises some concerns if short to medium-term roll out estimates become overstated and ultimately need adjustments for Domino’s.

According to LSEG data, out of 14 analysts, six have rated the stock as ‘buy’ or higher, six prefer to ‘hold’ and two have suggested ‘sell’ or lower.

Interestingly, their median price target is A$45.82.

As of the last close, Domino’s has marked a 22.6% decline YTD. Domino’s Pizza Enterprises (ASX:DMP) is a quick-service food retailer based in Australia.