Wedbush Analysts Lift Earnings Estimates for Domino’s Pizza, Inc. (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Analysts at Wedbush boosted their Q2 2024 EPS estimates for shares of Domino’s Pizza in a research report issued on Tuesday, April 30th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $3.72 per share for the quarter, up from their prior forecast of $3.69. Wedbush currently has a “Outperform” rating and a $520.00 target price on the stock. The consensus estimate for Domino’s Pizza’s current full-year earnings is $16.00 per share. Wedbush also issued estimates for Domino’s Pizza’s Q1 2025 earnings at $4.28 EPS, Q2 2025 earnings at $4.27 EPS and Q4 2025 earnings at $5.67 EPS.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.93 earnings per share.

Several other equities research analysts also recently weighed in on the company. Gordon Haskett raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $467.00 price target for the company in a report on Tuesday, January 16th. Wells Fargo & Company raised their target price on shares of Domino’s Pizza from $475.00 to $525.00 and gave the stock an “equal weight” rating in a research note on Tuesday. HSBC boosted their price target on shares of Domino’s Pizza from $507.00 to $583.00 and gave the stock a “buy” rating in a research note on Tuesday. BTIG Research raised their price objective on shares of Domino’s Pizza from $515.00 to $580.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Benchmark boosted their target price on Domino’s Pizza from $510.00 to $575.00 and gave the stock a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $516.19.

Domino’s Pizza Trading Up 0.3 %

Domino’s Pizza stock opened at $514.33 on Thursday. The stock has a 50 day moving average of $475.07 and a two-hundred day moving average of $423.29. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $542.75. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 2.58 and a beta of 0.83.

Domino’s Pizza Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 annualized dividend and a dividend yield of 1.17%. Domino’s Pizza’s dividend payout ratio is currently 39.43%.

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Cynthia A. Headen sold 745 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $530.30, for a total transaction of $395,073.50. Following the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at $2,073,473. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The disclosure for this sale can be found here. Insiders have sold 13,401 shares of company stock worth $6,995,948 over the last three months. 0.76% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DPZ. Capital Investment Advisors LLC increased its holdings in shares of Domino’s Pizza by 1.1% during the 4th quarter. Capital Investment Advisors LLC now owns 2,225 shares of the restaurant operator’s stock worth $917,000 after buying an additional 25 shares during the last quarter. Wealthsource Partners LLC grew its position in Domino’s Pizza by 2.0% during the fourth quarter. Wealthsource Partners LLC now owns 1,284 shares of the restaurant operator’s stock valued at $529,000 after acquiring an additional 25 shares during the period. Summit Trail Advisors LLC increased its stake in Domino’s Pizza by 4.8% during the first quarter. Summit Trail Advisors LLC now owns 541 shares of the restaurant operator’s stock worth $269,000 after acquiring an additional 25 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Domino’s Pizza by 2.9% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 934 shares of the restaurant operator’s stock worth $385,000 after purchasing an additional 26 shares during the period. Finally, Czech National Bank lifted its stake in shares of Domino’s Pizza by 0.4% in the 1st quarter. Czech National Bank now owns 6,137 shares of the restaurant operator’s stock valued at $3,049,000 after purchasing an additional 27 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.