Argus downgraded Domino’s Pizza (DPZ) to Hold from Buy after its Q4 earnings miss. The firm notes that higher food prices and labor costs continue to harm Domino’s results, also stating that due primarily to wage increases, Domino’s Pizza will see higher costs for a while in several of its markets, the analyst tells investors in a research note. Weak spending at U.S. restaurants is also a headwind, Argus adds, cutting its FY25 EPS view to $17.30 from $18.12.
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Read More on DPZ:
- Domino’s Pizza downgraded to Hold from Buy at Argus
- Domino’s Pizza price target lowered to $510 from $545 at Baird
- Domino’s Pizza: Strong Growth Potential and Resilience Amidst Market Challenges
- Domino’s Pizza price target raised to $440 from $420 at Stephens
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