Analysts Lower Domino’s Pizza Price Targets Amid Inflation and Competitive Pressures
Wall Street analysts have slashed price targets for Domino’s Pizza (DPZ) ahead of its Q3 earnings report on October 14. Jefferies, Bank of America Securities, and Piper Sandler cite inflation and rising competition as key headwinds. Consensus estimates project a 5% YoY earnings decline to $3.97 per share, despite a 5.5% sales increase to $1.14 billion.
Jefferies' Alexander Slagle cut his target from $490 to $455, maintaining a Hold rating amid concerns over U.S. restaurant performance. "Demand trends remain choppy," he noted, flagging moderate downside risk for Q3. Piper Sandler echoed this caution, with analyst Brian Mullan highlighting persistent margin pressures across the sector.