The average Dominos Pizza stock forecast represents a -4.76 decrease from the last price of 368.119995117188. Meanwhile, Wednesday was a brutal day for shares in Domino’s largest franchisee based on store count, Australia-based Domino’s Pizza Enterprises Ltd. The 42 Wall Street analysts offering Dominos Pizza stock forecast in the last 6 months have average price target of 350.6 with a high forecast of 460.0 and a low forecast of 299.0. It reduced its two- to three-year targets for global retail sales and unit growth, and said 2023 results for these metrics will be at the bottom end of the expected ranges. The quarterly results and forecast are a “large step back in the company’s business model recovery and perhaps adds fodder to the bear case that 3PD has permanently altered the competitive landscape for delivery-centric pizza players for the worse,” Jon Tower, an analyst at Citigroup Inc., wrote in a note.Īndrew Charles, a Cowen analyst who rates Domino’s market performance, wrote that Thursday’s results and guidance “justify revisiting the conversation” around third-party alternatives.ĭomino’s said it’s facing “macro-economic headwinds,” particularly in its U.S. CNBC’s Jim Cramer on Friday explained why Domino’s Pizza stock soared this week, going from 298 to 331, with a 6. Domino's Pizza (DPZ) Price Target & Analyst Ratings 331.41 +5.95 (+1.83) (As of ET) Compare Today's Range 329.42 342.70 50-Day Range 289.85 339.03 52-Week Range 285.84 426.44 Volume 2.07 million shs Average Volume 590,805 shs Market Capitalization 11.71 billion P/E Ratio 25.55 Dividend Yield 1.46 Price Target 356. Domino’s reported earnings and revenue that blew past expectations, with U.S. or DoorDash Inc., instead seeking to solve that dilemma within the Domino’s system. Jim Cramer takes a bite out of Domino’s stock. RBC rates Domino’s stock outperform with a price target of 458, up from 435. Yet executives have been reluctant to tap third-party delivery options, dubbed 3PD, like GrubHub Holdings Inc.
Dominos stock target driver#
Now the focus is on soaring inflation, which is pushing more people to prepare meals at home rather than pay for delivery.ĭomino’s is also grappling with a driver shortage. Domino's Pizza (NYSE: DPZ) was reported by TD Cowen on June 15, 2023.The analyst firm set a price target for 330.00 expecting DPZ to rise to within 12 months (a. Papa John’s shares are off 38% from their high that year.
The rout erased $1.7 billion in combined value from their market capitalizations.Īnn Arbor-based Domino’s is down 46% from its pandemic peak set in late 2021, when demand from holed-up customers surged. Shares of the pizza chain fell 12% Thursday, the steepest slide since 2010, while Papa John’s International Inc., which also reported soft North America sales, slumped 6%. tumbled the most in more than a decade as delivery woes and softening demand caused fourth-quarter sales to fall short of Wall Street expectations and led management to cut targets for revenue growth.
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