Domino's Pizza (NASDAQ:DPZ) Given New $345.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley lowered Domino’s Pizza’s price target to $345 from $357 while maintaining an Equal Weight rating, implying about 20% upside from the previous close.
• Analyst sentiment remains broadly positive, with a consensus Moderate Buy rating and average target of $382.71; however, several firms recently cut their targets, reflecting reduced near-term conviction.
• Domino’s exceeded quarterly earnings expectations with EPS of $4.60 versus $4.33 expected and revenue of $1.19 billion, but shares fell to $286.52 amid weak same-store sales growth and concerns about cautious consumers and competition.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) had its price target lowered by investment analysts at Morgan Stanley from $357.00 to $345.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the restaurant operator's stock. Morgan Stanley's price target indicates a potential upside of 20.41% from the company's previous close.

A number of other analysts have also recently weighed in on the stock. BTIG Research restated a "buy" rating and set a $425.00 target price on shares of Domino's Pizza in a report on Wednesday. Seaport Research Partners started coverage on Domino's Pizza in a research report on Wednesday, September 16th. They set a "neutral" rating for the company. Bank of America reduced their price objective on Domino's Pizza from $455.00 to $410.00 and set a "buy" rating for the company in a research note on Wednesday. Guggenheim decreased their target price on Domino's Pizza from $440.00 to $325.00 and set a "neutral" rating on the stock in a report on Wednesday, September 23rd. Finally, Robert W. Baird decreased their target price on Domino's Pizza from $325.00 to $320.00 and set a "neutral" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Domino's Pizza currently has a consensus rating of "Moderate Buy" and an average target price of $382.71.

Domino's Pizza Stock Performance

NASDAQ DPZ traded down $9.58 on Wednesday, reaching $286.52. The company's stock had a trading volume of 132,418 shares, compared to its average volume of 911,062. Domino's Pizza has a twelve month low of $282.00 and a twelve month high of $442.35. The firm's 50 day moving average is $324.06 and its two-hundred day moving average is $327.49. The stock has a market cap of $9.48 billion, a PE ratio of 16.22, a PEG ratio of 1.42 and a beta of 0.94.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 13th. The restaurant operator reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.27. The company had revenue of $1.19 billion for the quarter. Domino's Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.08 EPS. Equities research analysts anticipate that Domino's Pizza will post 18.96 EPS for the current fiscal year.

Insider Activity at Domino's Pizza

In related news, CEO Russell Weiner sold 10,850 shares of the company's stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the sale, the chief executive officer owned 43,829 shares in the company, valued at approximately $14,499,948.07. This represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kelly Garcia sold 12,430 shares of the firm's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the transaction, the executive vice president directly owned 9,352 shares of the company's stock, valued at $3,011,718.08. This represents a 57.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc grew its stake in shares of Domino's Pizza by 12.3% in the 4th quarter. Berkshire Hathaway Inc now owns 3,350,000 shares of the restaurant operator's stock valued at $1,396,347,000 after buying an additional 368,055 shares in the last quarter. Soroban Capital Partners LP acquired a new position in Domino's Pizza in the first quarter worth approximately $895,251,000. BlackRock Inc. acquired a new position in Domino's Pizza in the second quarter worth approximately $715,704,000. T. Rowe Price Investment Management Inc. raised its position in Domino's Pizza by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,008,278 shares of the restaurant operator's stock valued at $837,091,000 after acquiring an additional 7,497 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Domino's Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator's stock valued at $189,171,000 after acquiring an additional 375,709 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company's stock.

Key Domino's Pizza News

Here are the key news stories impacting Domino's Pizza this week:

• Positive Sentiment: Domino’s reported third-quarter adjusted earnings of $4.60 per share, above the $4.33 consensus estimate, while revenue reached $1.19 billion, ahead of expectations. Earnings rose from $4.08 a year earlier, supported by supply-chain sales, franchise royalties and operating-income growth. Domino's Pizza Announces Third Quarter 2026 Financial Results
• Positive Sentiment: BTIG Research reaffirmed a Buy rating and set a $425 price target, while Bank of America maintained a Buy rating despite reducing its target from $455 to $410. These targets imply significant potential upside if sales growth improves.
• Positive Sentiment: The company continued expanding its store base, adding 175 net locations globally during the quarter, including 149 internationally. Domino’s also declared a quarterly dividend of $1.99 per share, equivalent to a 2.7% annualized yield.
• Neutral Sentiment: Robert W. Baird lowered its price target from $325 to $320 and assigned a Neutral rating. TD Cowen likewise maintained a Hold rating with a $320 target, reflecting limited near-term conviction despite the earnings beat.
• Negative Sentiment: U.S. same-store sales increased only 0.3%, while international same-store sales rose 0.2%. Management cited cautious consumers, stronger competition and pressure on items per order. The company’s muted annual same-store-sales outlook suggests that customers are ordering more frequently but spending less per order. Domino's Forecasts Muted Annual Same-Store Sales
• Negative Sentiment: The slowing sales trajectory overshadowed the profit and revenue beats, causing shares to decline as investors questioned whether Domino’s can sustain earnings growth amid weaker consumer demand and narrower store-level margins. Domino's Beats Earnings Estimates but Same-Store Sales Growth Slows

About Domino's Pizza

Domino's Pizza, Inc is a global quick-service restaurant company specializing in pizza delivery and carryout. Its menu includes a variety of pizzas, sides, desserts and beverages, with orders placed through digital platforms, phone ordering and participating stores.

Founded in 1960 in Ypsilanti, Michigan, Domino's began as a small pizza business and adopted its current name in 1965. The company has expanded through a primarily franchise-based model, supported by company-owned stores and an integrated supply chain that provides food and other products to many participating locations.

Domino's serves customers in the United States and international markets across North America, Europe, Asia-Pacific, the Middle East, Africa and other regions.

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