Shares of Domino’s Pizza Inc (NASDAQ:DPZ) rose in early trading on Tuesday, despite the company’s Monday report of downbeat first-quarter results.

Here are the key analyst insights:

  • Benchmark analyst Todd Brooks reiterated a Buy rating, while slashing the price target from $465 to $430.
  • TD Cowen analyst Andrew Charles maintained a Hold rating, while cutting the price target from $400 to $377.
  • BTIG analyst Peter Saleh reaffirmed a Buy rating, while trimming the price target from $500 to $450.

Check out other analyst stock ratings.

Benchmark: Domino’s Pizza reported revenue of $1.15 billion, missing consensus by $13 million, Brooks said in a note. Both EBITDA of $243 million and earnings of $4.13 per share fell short of consensus estimates of $4.27 per share and $249 million, respectively, he added.

The company's operating results reflected pressures from competition, the macro environment and weather, the analyst stated. Management made indicated that the company will use its "profit power" to compete more aggressively, which includes accelerating new product innovations that were planned for 2027 into the current year, he further mentioned.

TD Cowen: Domino’s Pizza witnessed decelerating sales in the U.S. through the first quarter, Charles said. Management now expects the second half of the year to be driven by U.S. same store sales, when comps become easier, he added.

The analyst expressed concern around the company's prospects, given that the "hero launches" of 2025, namely stuffed crust and DoorDash Inc (NASDAQ:DASH), had a limited impact on sales "in a tough pizza category." Management indicated intensifying sales pressure from higher gas prices, deteriorating consumer confidence and adverse weather conditions, while competition increased "with national pizza competitors matching Domino’s value efforts," he further wrote.

BTIG: Domino’s Pizza posted U.S. same-store sales of just 0.9%, significantly missing the consensus of 2.3%, Saleh said. "Our sense is that trends in April are similar to March," he wrote.

Although revenue was weak, management indicated that sales grew across all income cohorts, while order count and market share improved, the analyst stated. He added, however, that the weakness in sales was disappointing, especially since the company had indicated in February that its performance would be stronger in the first half of the year than in the back half.

DPZ Price Action: Domino’s Pizza shares were up 2.52% at $343.76 at the time of publication on Tuesday, according to Benzinga Pro data.

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