Domino’s Pizza, Inc. (NYSE:DPZ – Get Rating) – Research analysts at Wedbush lowered their Q1 2022 earnings per share (EPS) estimates for Domino’s Pizza in a research report issued to clients and investors on Friday, April 22nd. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $3.03 per share for the quarter, down from their prior forecast of $3.07. Wedbush currently has a “Outperform” rating and a $440.00 price objective on the stock. Wedbush also issued estimates for Domino’s Pizza’s Q2 2022 earnings at $3.21 EPS, Q4 2022 earnings at $4.29 EPS, FY2022 earnings at $13.94 EPS, Q1 2023 earnings at $3.56 EPS, Q2 2023 earnings at $3.69 EPS, Q3 2023 earnings at $3.89 EPS, Q4 2023 earnings at $4.94 EPS and FY2023 earnings at $16.06 EPS.
Domino’s Pizza (NYSE:DPZ – Get Rating) last released its quarterly earnings results on Tuesday, March 1st. The restaurant operator reported $4.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.30 by ($0.05). Domino’s Pizza had a net margin of 11.72% and a negative return on equity of 13.05%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the business earned $3.46 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis.
DPZ stock opened at $378.83 on Monday. The business has a fifty day moving average price of $403.93 and a 200 day moving average price of $463.85. Domino’s Pizza has a fifty-two week low of $376.81 and a fifty-two week high of $567.57. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 2.22 and a beta of 0.62.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 30th. Stockholders of record on Tuesday, March 15th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, March 14th. This is a boost from Domino’s Pizza’s previous quarterly dividend of $0.94. Domino’s Pizza’s payout ratio is currently 32.47%.
In related news, EVP Cynthia A. Headen sold 137 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $397.00, for a total value of $54,389.00. Following the completion of the sale, the executive vice president now directly owns 3,362 shares in the company, valued at $1,334,714. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Cynthia A. Headen sold 149 shares of the business’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $423.89, for a total value of $63,159.61. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.
Several large investors have recently made changes to their positions in DPZ. Allworth Financial LP increased its holdings in shares of Domino’s Pizza by 512.5% during the fourth quarter. Allworth Financial LP now owns 49 shares of the restaurant operator’s stock worth $28,000 after buying an additional 41 shares in the last quarter. Bellwether Advisors LLC increased its holdings in shares of Domino’s Pizza by 1,016.7% during the fourth quarter. Bellwether Advisors LLC now owns 67 shares of the restaurant operator’s stock worth $37,000 after buying an additional 61 shares in the last quarter. CI Investments Inc. acquired a new position in shares of Domino’s Pizza during the third quarter worth $39,000. Vigilant Capital Management LLC acquired a new position in shares of Domino’s Pizza during the first quarter worth $47,000. Finally, Bank of New Hampshire acquired a new position in shares of Domino’s Pizza during the first quarter worth $65,000. Institutional investors own 90.98% of the company’s stock.
Domino’s Pizza Company Profile (Get Rating)
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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