Research Analysts Set Expectations for Domino’s Pizza, Inc.’s Q2 2024 Earnings (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Investment analysts at Wedbush upped their Q2 2024 earnings per share (EPS) estimates for Domino’s Pizza in a research note issued to investors on Tuesday, April 30th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $3.72 for the quarter, up from their prior estimate of $3.69. Wedbush currently 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 $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 issued its quarterly earnings data on Monday, April 29th. The restaurant operator reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Domino’s Pizza had a negative return on equity of 13.19% and a net margin of 11.90%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $2.93 earnings per share.

A number of other research analysts have also recently issued reports on the company. Oppenheimer lifted their price target on Domino’s Pizza from $530.00 to $580.00 and gave the company an “outperform” rating in a report on Tuesday. Sanford C. Bernstein raised Domino’s Pizza from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $330.00 to $370.00 in a report on Tuesday, January 9th. UBS Group lifted their price target on Domino’s Pizza from $526.00 to $570.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $430.00 price target (up from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. Finally, Barclays lifted their price target on Domino’s Pizza from $405.00 to $470.00 and gave the company an “underweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $516.19.

Domino’s Pizza Stock Up 0.3 %

Domino’s Pizza stock opened at $514.33 on Thursday. The stock has a 50-day simple moving average of $475.07 and a 200 day simple moving average of $423.29. Domino’s Pizza has a 12-month low of $285.84 and a 12-month high of $542.75. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.58 and a beta of 0.83.

Domino’s Pizza Announces Dividend

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

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction dated 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 approximately $1,935,762.80. The transaction 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 dated 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 approximately $1,935,762.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia A. Headen sold 745 shares of Domino’s Pizza stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $530.30, for a total value of $395,073.50. Following the transaction, the executive vice president now owns 3,910 shares in the company, valued at approximately $2,073,473. The disclosure for this sale can be found here. Insiders have sold 13,401 shares of company stock worth $6,995,948 in the last 90 days. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Institutional investors have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC bought a new stake in Domino’s Pizza in the 4th quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV lifted its stake in Domino’s Pizza by 127.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Domino’s Pizza in the 3rd quarter valued at approximately $39,000. Quadrant Capital Group LLC lifted its stake in Domino’s Pizza by 41.8% in the 4th quarter. Quadrant Capital Group LLC now owns 112 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 33 shares in the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Domino’s Pizza in the 3rd quarter valued at approximately $49,000. 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.