Domino’s Pizza (DPZ) stock was up on Tuesday after analysts updated their coverage of the pizza chain following its Q1 earnings report yesterday.
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Let’s dig into the latest analyst updates below:
- Benchmark Co. analyst Todd Brooks assigned the stock a Buy rating and lowered his price target to $430 from $465, representing a potential 27.88% upside for the shares.
- Five-star Goldman Sachs analyst Christine Cho assigned the stock a Buy rating and lowered her price target to $430 from $480, suggesting a possible 27.88% upside for the shares.
- Four-star UBS analyst Dennis Geiger kept a Buy rating and lowered his price target to $425 from $480, implying a potential 26.39% upside for the shares.
- Five-star Barclays analyst Jeff Bernstein assigned the stock a Sell rating and lowered his price target to $315 from $370, implying a potential 6.32% downside for the shares.
- Four-star BMO Capital analyst Andrew Strelzik maintained a Buy rating and lowered his price target to $450 from $500, representing a potential 33.83% upside for the shares.
- Five-star Citi analyst Jon Tower assigned the stock a Hold rating and lowered his price target to $365 from $425, suggesting a possible 8.55% upside for the shares.
- Five-star Mizuho Securities analyst Nick Setyan reiterated a Buy rating and lowered his price target to $420 from $470, representing a potential 24.91% upside for the shares.
- Five-star J.P. Morgan analyst John Ivankoe assigned the stock a Buy rating and lowered his price target to $430 from $440, implying a potential 27.88% upside for the shares.
- RBC Capital analyst Logan Reich kept a Hold rating and lowered his price target to $350 from $400, representing a potential 4.09% upside for the shares.
- Four-star Morgan Stanley analyst Brian Harbour maintained a Hold rating and set his price target at $395, suggesting a possible 17.47% upside for the shares.
- Bernstein analyst Danilo Gargiulo reiterated a Hold rating and lowered his price target to $390 from $470, implying a potential 15.98% upside for the shares.
- Four-star Wells Fargo analyst Zachary Fadem assigned the stock a Hold rating and lowered his price target to $350 from $400, representing a potential 4.09% upside for the shares.
- Five-star TD Cowen analyst Andrew Charles maintained a Hold rating and lowered his price target to $377 from $400, suggesting a possible 12.12% upside for the shares.
- Five-star Stifel Nicolaus analyst Chris O’Cull kept a Buy rating and lowered his price target to $400 from $485, implying a potential 18.96% upside for the shares.
- Robert W. Baird analysts reiterated a Buy rating and lowered their price target to $400 from $495, representing a potential 18.96% upside for the shares.
Strelzik highlighted Domino’s Pizza’s misses in Q1 in his updated coverage. He also said the company could face medium-term pressures against tougher comparisons alongside a more challenged environment.
Domino’s Pizza Stock Movement Today
Domino’s Pizza stock was up 1.08% on Tuesday but was still down 18.28% year-to-date. The stock has also fallen 32.05% over the past 12 months.
DPZ stock trading activity today is muted, as some 204,000 shares changed hands, compared to a three-month average daily trading volume of about 939,000 shares.
Is Domino’s Pizza Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Domino’s Pizza is Moderate Buy, based on 13 Buy, eight Hold, and one Sell rating over the past three months. With that comes an average DPZ stock price target of $421.57, representing a potential 23.99% upside for the shares.
