Gordon Haskett analyst Jeff Farmer initiated coverage of Domino's Pizza with a Hold rating and $320 price target. He believes the shares are discounting a continued moderation of third-party "delivery encroachment," which is a view with which he agrees, and 2020 U.S. same-store sales growth that will widely outpace the 3.7% Street estimate, which is a point on which he doesn't agree based on his proprietary data from apps and social media.

Deutsche Bank raised the firm's price target on Domino's Pizza to $580 from $555 and keeps a Buy rating on the shares. The analyst updated the company's model post the earnings report.

Benchmark analyst Todd Brooks raised the firm's price target on Domino's Pizza to $575 from $510 and keeps a Buy rating on the shares after the company reported stronger than expected Q1 results. EPS of $3.58 grew 22% year-over-year, exceeding both consensus of $3.40 and the firm's $3.47 estimate, given the traffic-driven outperformance that the brand is currently enjoying, the analyst noted.

Baird raised the firm's price target on Domino's Pizza to $530 from $510 and keeps a Neutral rating the company's traffic-driving initiatives in the U.S. appear to be gaining measurable traction.

Wells Fargo raised the firm's price target on Domino's Pizza (DPZ) to $525 from $475 and keeps an Equal Weight rating on the shares. The firm says Domino's Pizza's Q1 impressed with a U.S. comp beat, strong EBIT% and clear momentum despite little Uber (UBER) help. For Q2 and second half of the year, EBIT% upside inevitably fades and the sustainability debate lingers, Wells argues.

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Reports Q1 revenue $1.08B, consensus $1.08B. Reports Q1 U.S. SSS up 7.3%. "Our first quarter results demonstrated that our Hungry for MORE strategy is off to a strong start: delivering MORE sales, MORE stores, and MORE profits," said Russell Weiner, Domino's Chief Executive Officer. "The Renowned Value we created through our new and improved Domino's Rewards loyalty program drove outsized comp performance, which flowed through to the bottom line with double-digit profit growth. Importantly, our growth in the U.S. came through positive order counts in both our carryout and delivery businesses for the second quarter in a row. Further, this order growth was across all income cohorts. In Q1 we also went live with marketing on Uber Eats, and we remain on track to exit the year at 3% or MORE of sales coming through this new channel. We are laser focused on driving franchisee profitability and store growth, which will fuel the Company's ability to win and create meaningful long-term value for our shareholders."