Analysts Slice Down This Pizza Chain's Price Targets

Analysts lowered their price target on Domino's Pizza Inc DPZ following the company's Q4 results.
Citi analyst Sergio Matsumoto lowered the price target to $480 (18% upside) from $540 and kept a Neutral rating on the shares.
The analyst cited forecast decreases and market conditions for the reduced price target.
Barclays analyst Jeffrey Bernstein lowered the price target to $410 from $495 and kept an Underweight rating on the shares.
Bernstein said the company's Q4 "disappointed top to bottom" and noted comp and unit growth headwinds will prevail near term, along with outsized inflation.
Loop Capital analyst Alton Stump lowered the price target to $535 from $608 but kept a Buy rating on the shares.
Baird analyst David Tarantino lowered the price target to $480 from $520 and kept an Outperform rating on the shares.
Deutsche Bank analyst Brian Mullan lowered the price target on Domino's Pizza to $440 (8% upside) from $468 and kept a Hold rating on the shares.
BMO Capital analyst Andrew Strelzik lowered the price target to $450 from $480 and kept a Market Perform rating on the shares.
The analyst noted his concerns were re-affirmed, as the company's "return to normal" created an uncertain outlook, while the current operating environment of greater exposure to labor shortages presents particular challenges.
Credit Suisse analyst Lauren Silberman downgraded Domino's Pizza to Neutral from Outperform with a price target of $475 (17% upside), down from $570.
RBC Capital analyst Christopher Carril maintained Domino's Pizza with an Outperform and reduced the price target from $550 to $525 (29% upside).
Guggenheim analyst Gregory Francfort maintained a Neutral and cut the price target from $480 to $445 (9% upside).
Morgan Stanley analyst John Glass maintained an Equal-Weight and reduced the price target from $535 to $460 (13% upside).
Stephens & Co. analyst James Rutherford upgraded from Underweight to Equal-Weight and lowered the price target from $500 to $425 (5% upside).
Price Action: DPZ shares are trading lower by 3.98% at $406.42 on the last check Thursday.

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