Domino’s Pizza price target lowered to $420 from $430 at Stephens

Stephens lowered the firm’s price target on Domino’s Pizza to $420 from $430 and keeps an Equal Weight rating on the shares. Q3 U.S. and International same-store sales and total new units were modestly below consensus, while adjusted EPS came in better than expected, the analyst noted. Domino’s showed some caution with its FY25 guidance as it expects results to be generally in-line with FY24 on annual income growth from operations and global retail sales growth, rather than accelerating to the long-term guidance range, notes the analyst, who believes “cloudiness around decelerating trends in 4Q24 and difficult laps in 1Q25 could weigh on the near-term outlook.” The stock could “take a continued breather” given a more difficult macro, the lapping of successful promotions, and softer international growth, the analyst added.