10:42 AM EDT, 07/12/2024 (MT Newswires) -- Domino's Pizza's (DPZ) 11% share decline since late June provides investors with a "unique buying opportunity," Oppenheimer said in a Friday note to clients.

"As the industry fights issues related to price/value appeal, negative traffic and subdued earnings, DPZ is positioned to stand out with a catalytic path for robust traffic and positive earnings revisions," analysts Brian Bittner and Michael Tamas said.

The analysts expect Domino's to report fiscal Q2 earnings of $3.61 per diluted share.

Oppenheimer has an outperform rating and a $580 price target on the company's stock.

Shares of Domino's were up more than 3% in recent Friday trading.

Price: 489.49, Change: +16.40, Percent Change: +3.47