On Oct 12, major Wall Street analysts update their ratings for $Domino's Pizza (DPZ.US)$, with price targets ranging from $370 to $557.
Morgan Stanley analyst Brian Harbour maintains with a buy rating, and maintains the target price at $510.
Goldman Sachs analyst Christine Cho maintains with a buy rating, and adjusts the target price from $528 to $515.
J.P. Morgan analyst John Ivankoe maintains with a hold rating, and adjusts the target price from $470 to $450.
BofA Securities analyst Sara Senatore maintains with a buy rating, and adjusts the target price from $582 to $557.
Barclays analyst Jeff Bernstein maintains with a sell rating, and maintains the target price at $370.
Furthermore, according to the comprehensive report, the opinions of $Domino's Pizza (DPZ.US)$'s main analysts recently are as follows:
Domino's Pizza's recent quarter results are characterized as varied, with the U.S. performance aligning with expectations, while the international segment primarily influenced a subdued revenue forecast. When assessing the 2025 outlook, which is perceived somewhat cautious, it may act as a reduction in risk. Nevertheless, there are still inquiries regarding the cautiousness of this projection and the factors that will maintain the U.S. same-store sales growth above 3% in FY25.
After Domino's Pizza's Q3 report, it's noted that the company's U.S. comparable sales growth of 3.0% comprises a significant 2.7% contribution from Uber and third-party channels, coupled with a 1.6% increase in price. It appears that the company is facing challenges due to increased competition in the broader market.
Domino's Pizza's recent Q3 performance and statements indicate a return to the pre-pandemic conditions of the U.S. pizza sector. This sector is characterized by intense competition, and while Domino's holds a leadership position and has historically gained market share over the long term, quarterly same-store sales are influenced by the current leading strategies in value, promotions, and innovation.
Following the third quarter report, projections for Domino's Pizza's FY24 EPS have been adjusted to $5.18 from a previous estimate, factoring in a moderated pace of international growth and U.S. system comps, slightly offset by reductions in supply chain costs and G&A expenses. Expectations for FY25 EPS have also been revised, now anticipating a slight decrease in global system sales growth.
Domino's Pizza's Q3 performance presented a mixed outcome, with U.S. and International comparable sales not meeting expectations, though adjusted EBITDA and EPS met projections. Anticipations for 2024 net unit growth have been moderated, particularly in the International market, which has resulted in a more conservative outlook for global sales and profits. These hurdles are expected to extend into 2025.
Here are the latest investment ratings and price targets for $Domino's Pizza (DPZ.US)$ from 18 analysts:
Note:
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