Why Did CELH, DPZ, UPWK Stocks Tumble To 52-Week Lows Today?

Argus raised its price target for Celsius Holdings (CELH) to $28.00. The company operates in the energy drink market, with 95% of revenue from North America. The earnings estimate is $28.31.

Domino’s Pizza stock fell 2.9% after reporting a slowdown in like-for-like sales growth to 2.3% in Q3, down from 4.9% in the first half. The company reiterated full-year earnings guidance, offering no upgrade. The broader UK market also declined due to higher-than-expected inflation data. The stock remains above its 52-week low but faces investor skepticism over growth prospects.

Restaurant prices rose 3.5% YoY in September, outpacing grocery price increases of 1.8%, per the Bureau of Labor Statistics. McDonald's (MCD), Yum Brands (YUM), and Domino's Pizza (DPZ) face affordability challenges as wages lag inflation, impacting sector growth. McDonald's has acknowledged the issue and announced an $8.5B plan to address it.

Domino's Pizza reported a 0.3% rise in U.S. same-store sales in Q3, with lower average order values. CEO Joe Jordan emphasized protecting franchisee profits, which are down in actual dollars. The company cut its U.S. net new store outlook to 125-150. Domino's plans to stabilize profits through marketing, ticket size, and technology. International comps rose 0.2%, with challenges in master franchisee markets. The company repurchased $305 million of its stock in the first nine months of the year.

UBS lowered its price target for Celsius Holdings from $44 to $38 but maintained a buy rating. The stock is currently trading at $27.64, down 38.96% year-to-date.

Bernstein reduced Domino's Pizza's (DPZ) price target to $340 from $390, citing concerns about traffic growth not translating into sales or franchisee profit growth. The stock is near its 52-week low, down 28% YTD. Other analysts also lowered targets, while UBS maintained a Buy rating. Q3 revenue was $1.186B, beating estimates, with EPS of $4.60.