Stifel analyst Chris O'Cull said he did not expect Domino's Pizza shares to selloff further following the company's conference call, but he attributes the additional weakness after the call to management's comments that Europe's same-restaurant sales were negative during Q3 and investor concerns that Q4 same-restaurant sales expectations may be too high given the easy comparisons. The analyst, who views the stock's pullback as a buying opportunity, keeps a Buy rating and $300 price target on Domino's shares.

UBS raised the firm's price target on Domino's Pizza to $570 from $526 and keeps a Buy rating on the shares. Domino's Pizza is well-positioned for sustained multiyear U.S. sales momentum, with support from a solid value proposition, digital and loyalty enhancement, improved service levels, menu innovation, marketing and third aggregator partnerships, the analyst tells investors in a research note. The firm's 2024 Quick Service Restaurant Survey results suggest consumers maintain strong affinity for the brand with multiple attributes that continue to resonate, and solidly positive visit intent over the near-term, UBS says.