Is Domino's Pizza Stock a Buy?
Domino's Pizza (NYSE: DPZ) was one of the most resilient restaurant chains during the pandemic. The pizza chain's delivery-based model was naturally insulated from store closures, and its prior investments in digital innovations -- including its mobile app, smart-speaker features, smartwatch apps, and even autonomous delivery robots -- gave it an edge in online deliveries.
But this year, Domino's stock has declined nearly 30% amid concerns of tougher post-lockdown comparisons and soaring inflation. Rising interest rates also squeezed pricier growth stocks like Domino's, which traded at over 40 times forward earnings when it hit its all-time high last December.
Image source: Domino's Pizza.
Source Fool.com
