Domino’s shares at last check were 2.3% lower at $364.57. The stock had jumped 26% on Thursday.
Wedbush maintained its outperform rating with a $410 price target.
Baird analysts affirmed an outperform rating on the Ann Arbor, Mich., company while raising their price target to $400 from $330. RBC Capital similarly maintained an outperform rating and $400 price target.
Analysts at Morgan Stanley kept an overweight rating and $388 target.
UBS analysts maintained a neutral rating and $375 price target on Domino's. And Deutsche Bank affirmed a sell rating and $276 target.
Baird's David Tarantino says investor sentiment can remain positive as the company shows itself able to sustain solid top-line momentum in coming quarters.
Fourth-quarter earnings were $3.13 a share, up 20% from the year-earlier quarter, as revenue rose 6.3% to $1.15 billion.
Analysts surveyed by FactSet were expecting the company to report earnings of $2.98 a share on revenue of $1.13 billion.
Domino's reported that same-store sales increased 3.4% in the U.S. and 1.7% internationally. The U.S. comps topped analysts' expectations of 2.3%, the first time in more than a year that the metric beat forecasts.
“Our relentless focus on our customers, our franchisees and the long-term growth and profitability of the Domino's business model helped us deliver a solid 2019 in the face of unique competitive headwinds,” Domino's Pizza Chief Executive Ritch Allison said in a statement.