Argus Research analyst John Staszak maintains $Domino's Pizza (DPZ.US)$ with a buy rating, and adjusts the target price from $610 to $480.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 7.7% over the past year.
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 is described as 'mixed,' with its U.S. performance aligning with expectations, while its International segment played a more significant role in the subdued revenue forecast. The tempered outlook for 2025 might be seen as a cautious measure, potentially understating future potential. Nonetheless, there are lingering uncertainties surrounding the sustainability of the U.S. market maintaining 3% or higher same-store sales growth into FY25.
Domino's Pizza's recent U.S. comparable sales figure of 3.0% reflected a notable 2.7% lift from contributions by Uber and other third-party channels, along with a 1.6% increase from pricing. Overall, the results suggest that Domino's is facing challenges due to heightened competition in the broader market.
Domino's Pizza's Q3 outcomes and executive insights indicate a reversion of the U.S. pizza sector to its pre-pandemic normalcy. The segment remains fiercely competitive, with the company, despite its leadership position and consistent long-term market share gains, experiencing quarterly same-store sales fluctuations based on the prevailing dynamics of value, promotional activities, and innovation.
Note:
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