Baird Reiterates Buy Rating for Domino's Pizza with $350 Target
Baird maintains its buy rating on Domino's Pizza, setting a price target of $350, a 21.21% upside from the current price.
Key Points
- On June 23, 2026, Baird reiterated its buy rating for Domino's Pizza, Inc. (DPZ) with a price target of $350.
- Baird's $350 price target implies 21.21% upside from Domino's Pizza, Inc.'s ($DPZ) current $288.76 share price.
- Shares of Domino's Pizza traded near $296.9 on Tuesday, with a market cap of approximately $9.82 billion.
- Insider Kelly Garcia, EVP, engaged in multiple transactions, including buying and selling shares in May and June 2026.
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On June 23, 2026, Baird reiterated its buy rating for Domino's Pizza, Inc. (NasdaqGS: DPZ), setting a price target of $350. This update comes as shares of Domino's traded near $296.9 on Tuesday.
Baird vs. the S&P 500
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Domino's Pizza, Inc. Stock Down 17.5%
Shares of Domino's Pizza, Inc. (NasdaqGS: DPZ) were trading around $296.9 on Tuesday. The company boasts a market cap of about $9.82 billion and has a P/E ratio of 17.0. Its stock has a 52-week low of $294.28 and a high of $496. The 50-day moving average is $330.11, while the 200-day moving average is $389.95.
$DPZ price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Domino's Pizza reported revenue of approximately $4.98 billion, with a revenue growth of 3.5%. The company's net margin stands at 11.9%, and it has an EPS of $17.37. Investors are looking forward to the next earnings report, scheduled for July 20, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target cuts vs 0 raises.
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EPS & revenue
EPS missed estimates by 8.1%. Revenue missed estimates by 2.1%.
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Profit surprise
EBITDA missed by 28 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
14 target cuts.
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Earnings quality
Gross margin up 0.5 points. Operating margin up 1.1 points. Positive free cash flow.
Earnings Call Summary
Domino's reported flat-to-negative momentum in Q1 with only 0.9 percent U.S. same-store sales growth, hit by macro pressure, competitive discounting, and weather. Management emphasized they still believe in long-term 3 percent target and are adjusting marketing calendar and launching new pizza innovations in May to recover. Carryout grew 2.4 percent but delivery fell 0.3 percent as customer confidence weakened, though the company continues to take market share in pizza.
Guidance Management lowered full-year guidance. U.S. same-store sales now expected to grow low single digits instead of 3 percent, and international same-store sales also cut to low single digits from prior plan. They expect global retail sales growth of mid-single digits for 2026. Operating income growth guidance trimmed to mid- to high single-digit growth.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Domino's Pizza offers an annual dividend rate of $7.96, yielding 2.55%. The dividend payout ratio is 41.5%.
Insider Buying and Selling at Domino's Pizza, Inc.
Kelly Garcia, Executive Vice President and Chief Technology & Data Officer, was active in trading Domino's shares in recent months. On June 11, 2026, Garcia sold 487 shares at an average price of $311.74 in a planned transaction. Earlier, on May 21, 2026, Garcia sold another 488 shares at $313.16, also in a planned transaction.
Analysts Set New Price Targets
On June 23, 2026, Baird maintained its buy rating on Domino's Pizza, with a price target of $350. BTIG also reiterated a buy rating, setting a higher target of $425. Overall, the consensus among analysts is a buy, with an average target price of $404.31.
About Domino's Pizza
Domino's Pizza, Inc. is a leading global pizza company headquartered in Ann Arbor, Michigan. Founded in 1960, it operates through U.S. Stores, International Franchise, and Supply Chain segments. The company offers a variety of pizzas and side items like wings, sandwiches, and desserts through both company-owned and franchised stores. Domino's is led by CEO Russell J. Weiner and employs around 6,200 people.
Bottom Line
Baird's reiterated buy rating with a $350 target for Domino's Pizza underscores the positive sentiment among analysts. Despite trading below its 50- and 200-day moving averages, the company's solid earnings and dividend yield continue to attract investor interest. Remember, this analyst action reflects the firm's view as of June 23, 2026, and may not represent current market conditions.
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