Domino’s Pizza, Inc. (NYSE:DPZ – Free Report) – Equities research analysts at Zacks Research boosted their FY2023 EPS estimates for shares of Domino’s Pizza in a research report issued to clients and investors on Monday, September 11th. Zacks Research analyst M. Kaushik now expects that the restaurant operator will post earnings of $13.52 per share for the year, up from their prior estimate of $13.44. The consensus estimate for Domino’s Pizza’s current full-year earnings is $13.72 per share. Zacks Research also issued estimates for Domino’s Pizza’s Q4 2023 earnings at $4.25 EPS and Q3 2024 earnings at $3.82 EPS.
Several other research firms have also recently weighed in on DPZ. BTIG Research raised their price objective on shares of Domino’s Pizza from $400.00 to $465.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Morgan Stanley upped their price objective on shares of Domino’s Pizza from $425.00 to $440.00 and gave the company an “overweight” rating in a research note on Tuesday, July 25th. Evercore ISI upped their price objective on shares of Domino’s Pizza from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. Northcoast Research raised Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a research note on Thursday, July 13th. Finally, Jefferies Financial Group boosted their target price on Domino’s Pizza from $325.00 to $375.00 and gave the company a “hold” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $396.14.
Domino’s Pizza Stock Up 0.7 %
Shares of DPZ opened at $396.46 on Wednesday. The business’s 50-day moving average price is $387.26 and its 200-day moving average price is $340.57. The stock has a market cap of $13.91 billion, a PE ratio of 29.97, a P/E/G ratio of 2.19 and a beta of 0.85. Domino’s Pizza has a twelve month low of $285.84 and a twelve month high of $409.95.
Domino’s Pizza (NYSE:DPZ – Get Free Report) last released its quarterly earnings data on Monday, July 24th. The restaurant operator reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $0.02. Domino’s Pizza had a net margin of 10.49% and a negative return on equity of 11.24%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business earned $2.82 EPS. Domino’s Pizza’s revenue was down 3.8% compared to the same quarter last year.
Domino’s Pizza Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $1.21 dividend. The ex-dividend date is Thursday, September 14th. This represents a $4.84 annualized dividend and a dividend yield of 1.22%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 36.58%.
In related news, EVP Cynthia A. Headen sold 382 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $152,800.00. Following the completion of the sale, the executive vice president now directly owns 4,333 shares of the company’s stock, valued at approximately $1,733,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 427 shares of company stock worth $170,095 over the last three months. Insiders own 0.76% of the company’s stock.
Institutional Investors Weigh In On Domino’s Pizza
Hedge funds have recently added to or reduced their stakes in the business. MV Capital Management Inc. increased its holdings in Domino’s Pizza by 281.0% during the 1st quarter. MV Capital Management Inc. now owns 80 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 59 shares during the period. GPS Wealth Strategies Group LLC purchased a new stake in Domino’s Pizza during the 1st quarter worth about $30,000. KB Financial Partners LLC purchased a new stake in Domino’s Pizza during the 1st quarter worth about $32,000. UMB Bank n.a. purchased a new position in shares of Domino’s Pizza during the second quarter worth about $34,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of Domino’s Pizza in the fourth quarter valued at approximately $42,000. 92.27% of the stock is currently owned by institutional investors and hedge funds.
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.
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