Domino’s Pizza (NYSE:DPZ) Earns Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Friday, Benzinga reports. They currently have a $520.00 price objective on the restaurant operator’s stock. Wedbush also issued estimates for Domino’s Pizza’s Q2 2024 earnings at $3.69 EPS, Q3 2024 earnings at $3.74 EPS, Q1 2025 earnings at $3.87 EPS, Q2 2025 earnings at $4.19 EPS, Q3 2025 earnings at $4.25 EPS and Q4 2025 earnings at $5.78 EPS.

Several other research analysts have also issued reports on the company. UBS Group upped their target price on Domino’s Pizza from $526.00 to $570.00 and gave the company a buy rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. reiterated a neutral rating and issued a $430.00 target price (up from $420.00) on shares of Domino’s Pizza in a research note on Tuesday, February 27th. Barclays upped their price target on shares of Domino’s Pizza from $346.00 to $405.00 and gave the company an underweight rating in a research note on Tuesday, February 27th. BMO Capital Markets lifted their price objective on shares of Domino’s Pizza from $475.00 to $535.00 and gave the stock an outperform rating in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus upped their target price on Domino’s Pizza from $500.00 to $550.00 and gave the company a buy rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $469.67.

Domino’s Pizza Stock Performance

NYSE:DPZ opened at $499.07 on Friday. The company’s 50-day simple moving average is $467.11 and its 200-day simple moving average is $419.48. Domino’s Pizza has a fifty-two week low of $285.84 and a fifty-two week high of $508.44. The stock has a market capitalization of $17.38 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.61 and a beta of 0.86.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Monday, February 26th. The restaurant operator reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. Domino’s Pizza’s revenue was up .8% compared to the same quarter last year. During the same period last year, the firm earned $4.43 earnings per share. On average, research analysts forecast that Domino’s Pizza will post 15.72 EPS for the current year.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $1.51 dividend. This is a boost from Domino’s Pizza’s previous quarterly dividend of $1.21. This represents a $6.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Thursday, March 14th. Domino’s Pizza’s payout ratio is currently 41.17%.

Insider Buying and Selling

In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total transaction of $53,468.64. Following the transaction, the executive vice president now 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 is accessible through the SEC website. Also, EVP Cynthia A. Headen sold 768 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total value of $346,767.36. Following the completion of the sale, the executive vice president now directly owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Domino’s Pizza

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc acquired a new stake in shares of Domino’s Pizza in the first quarter valued at about $745,000. Narwhal Capital Management boosted its holdings in Domino’s Pizza by 351.4% in the 1st quarter. Narwhal Capital Management now owns 6,513 shares of the restaurant operator’s stock worth $3,236,000 after buying an additional 5,070 shares during the last quarter. KG&L Capital Management LLC increased its stake in Domino’s Pizza by 31.6% during the 1st quarter. KG&L Capital Management LLC now owns 1,179 shares of the restaurant operator’s stock worth $586,000 after buying an additional 283 shares in the last quarter. One Day In July LLC purchased a new stake in Domino’s Pizza during the 1st quarter worth approximately $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Domino’s Pizza by 22.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,933 shares of the restaurant operator’s stock valued at $9,407,000 after acquiring an additional 3,420 shares during the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Company Profile

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.