Domino's Pizza Analysts Increase Their Forecasts After Upbeat Earnings

Core Insights - Domino's Pizza, Inc. reported Q1 earnings of $4.33 per share, exceeding analyst expectations of$4.07 per share, while quarterly sales were $1.11 billion, slightly below the consensus estimate of$1.13 billion [1] - The company's CEO highlighted the effectiveness of the "Hungry for MORE" strategy in driving market share growth in both US and international markets, emphasizing the importance of controlling internal factors for long-term success [2] - Following the earnings announcement, analysts adjusted their price targets for Domino's stock, reflecting positive sentiment [3] Financial Performance - Q1 earnings per share: $4.33, beating the estimate of$4.07 [1] - Quarterly sales: $1.11 billion, missing the estimate of$1.13 billion [1] Strategic Insights - The "Hungry for MORE" strategy is aimed at increasing sales, store count, and profits, contributing to sustained market share growth [2] - The CEO's comments indicate a focus on long-term value creation for franchisees and shareholders [2] Analyst Ratings and Price Targets - TD Securities analyst Andrew Charles maintained a Buy rating and raised the price target from $490 to$510 [8] - Morgan Stanley analyst Brian Harbour maintained an Overweight rating and increased the price target from $492 to$510 [8] - Benchmark analyst Todd Brooks maintained a Buy rating and raised the price target from $520 to$535 [8]