Piper Sandler analyst Brian Mullan lowered the firm’s price target on Domino’s Pizza (DPZ) to $443 from $477 and keeps a Neutral rating on the shares. As it pertains to Domino’s Pizza’s upcoming Q3 earnings release, the firm’s sense is that investor expectations call for the company to report a domestic same-store sales result that is at least in-line with, and perhaps moderately better than the current consensus estimate of +4.2%. With that said, Piper believes there is some concern in the investment community around Domino’s Pizza’s Q4-to-date trends, relative to the current consensus estimate of +5.1%.
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