Domino’s Pizza price target lowered to $500 from $580 at BTIG

BTIG lowered the firm’s price target on Domino’s Pizza to $500 from $580 but keeps a Buy rating on the shares. The company posted a “respectable” Q3 result against diminished expectations, as weaker domestic and international sales had been well telegraphed ahead of earnings, though the weaker trends seen in August amid heightened discounting leaves investors questioning the ability of Domino’s Pizza to achieve its profit targets, the analyst tells investors in a research note. BTIG maintains its view however that the company is taking share and will continue to do so into 2025.