Domino's Pizza Analysts Boost Their Forecasts After Q2 Earnings

Domino's Pizza Inc DPZ reported better-than-expected earnings for its second quarter.

Domino's Pizza reported a second-quarter FY23 sales decline of 3.8% year-on-year to $1.02 billion, missing the analyst consensus of $1.07 billion. EPS of $3.08 beat the analyst consensus of $3.05.

Domino's shares rose 0.1% to close at $385.90 on Monday.

These analysts made changes to their price targets on Domino's Pizza following earnings announcement.

• Wedbush raised the price target on Domino's Pizza from $430 to $445. Wedbush analyst Nick Setyan maintained an Outperform rating.
• TD Cowen boosted the price target on Domino's Pizza from $330 to $420. TD Cowen analyst Andrew Charles maintained a Market Perform rating.
• Barclays raised Domino's Pizza price target from $270 to $320. Barclays analyst Jeffrey Bernstein maintained an Underweight rating.
• Citigroup boosted Domino's Pizza price target from $405 to $431. Citigroup analyst Jon Tower maintained a Neutral rating.

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