Analysts set Domino's stock price target

Core Viewpoint - Domino's Pizza reported mixed Q3 2024 earnings, with strong earnings per share (EPS) but missed revenue expectations, leading to a cautious outlook from analysts [1][3]. Financial Performance - EPS for Q3 2024 was $4.19, exceeding consensus estimates of $3.71 [3]. - Revenue was reported at $1.08 billion, slightly below the forecast of $1.10 billion [3]. - Year-to-date stock performance shows a 3.91% increase, with shares rising from $407.38 to $429.67 [1]. Growth and Guidance - The company reduced its retail sales growth projection from 7% to 6% [3]. - Expansion goals were revised down from 1,100 new stores to a range of 800 to 850 [3]. - Same-store sales growth was only 0.8% internationally, with U.S. same-store sales also missing expectations [3]. Analyst Sentiment - Analysts have adjusted price targets downward, with the average target now at $472.92, reflecting a potential upside of 10.07% from the current price [5][6]. - Ratings include 16 'Buy', 9 'Hold', and 1 'Sell', indicating a mixed outlook [5][6]. - Notable price target revisions include a decrease from $580 to $500 by BTIG, while Benchmark maintained a target of $520 [5].