FY2024 EPS Estimates for Domino’s Pizza Reduced by Analyst

Domino’s Pizza, Inc. (NASDAQ:DPZ) – Analysts at Wedbush dropped their FY2024 earnings per share estimates for Domino’s Pizza in a report issued on Friday, February 21st. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $16.71 per share for the year, down from their previous estimate of $16.86. The consensus estimate for Domino’s Pizza’s current full-year earnings is $16.74 per share. Wedbush also issued estimates for Domino’s Pizza’s Q4 2024 earnings at $4.91 EPS, Q1 2025 earnings at $4.13 EPS, Q2 2025 earnings at $4.00 EPS, Q3 2025 earnings at $3.99 EPS, Q4 2025 earnings at $5.54 EPS and FY2025 earnings at $17.65 EPS.

Several other equities analysts have also recently issued reports on the company. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Barclays reduced their price objective on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating for the company in a report on Friday, January 24th. Morgan Stanley reduced their price objective on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. TD Cowen raised their price target on Domino’s Pizza from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Oppenheimer raised their price target on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $505.67.

Domino’s Pizza Stock Performance

Shares of DPZ stock opened at $462.37 on Monday. The stock has a fifty day moving average price of $440.97 and a 200 day moving average price of $435.00. The stock has a market cap of $15.97 billion, a PE ratio of 28.40, a P/E/G ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a 1 year low of $396.06 and a 1 year high of $542.75.

Hedge Funds Weigh In On Domino’s Pizza

Several institutional investors have recently made changes to their positions in DPZ. Sherman Asset Management Inc. bought a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $25,000. True Wealth Design LLC grew its holdings in Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after buying an additional 61 shares in the last quarter. Covestor Ltd grew its holdings in Domino’s Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock worth $34,000 after buying an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Domino’s Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock worth $38,000 after buying an additional 26 shares in the last quarter. 94.63% of the stock is owned by institutional investors.

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.