Q2 2024 Earnings Forecast for Domino’s Pizza, Inc. (NYSE:DPZ) Issued By Wedbush

Domino’s Pizza, Inc. (NYSE:DPZ) – Analysts at Wedbush decreased their Q2 2024 earnings estimates for Domino’s Pizza in a research note issued to investors on Friday, April 26th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $3.69 per share for the quarter, down from their previous estimate of $3.75. Wedbush has a “Outperform” rating and a $520.00 price objective on the stock. The consensus estimate for Domino’s Pizza’s current full-year earnings is $15.72 per share. Wedbush also issued estimates for Domino’s Pizza’s 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.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.43 EPS.

Several other equities analysts have also issued reports on DPZ. Piper Sandler boosted their price objective on Domino’s Pizza from $400.00 to $435.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. Morgan Stanley increased their price objective on shares of Domino’s Pizza from $485.00 to $515.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Stephens reaffirmed an “equal weight” rating and issued a $479.00 price objective on shares of Domino’s Pizza in a research report on Friday, April 12th. Sanford C. Bernstein upgraded Domino’s Pizza from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $330.00 to $370.00 in a report on Tuesday, January 9th. Finally, Evercore ISI boosted their price target on Domino’s Pizza from $510.00 to $560.00 and gave the company an “outperform” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $469.67.

Domino’s Pizza Price Performance

Shares of Domino’s Pizza stock opened at $499.07 on Monday. The company has a market capitalization of $17.38 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The business has a 50-day moving average of $467.11 and a two-hundred day moving average of $419.48. Domino’s Pizza has a 1 year low of $285.84 and a 1 year high of $508.44.

Domino’s Pizza Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza 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 completion of the transaction, the executive vice president now directly owns 3,910 shares in the company, valued at approximately $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction 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 owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Trading of Domino’s Pizza

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

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.