Q2 2024 EPS Estimates for Domino's Pizza, Inc. (NYSE:DPZ) Lifted by Analyst

Domino's Pizza, Inc. (NYSE:DPZ - Free Report) - Equities researchers at Wedbush upped their Q2 2024 earnings per share estimates for Domino's Pizza in a note issued to investors on Tuesday, April 30th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $3.72 for the quarter, up from their prior forecast of $3.69. 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 $15.73 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.

Several other brokerages have also recently issued reports on DPZ. Deutsche Bank Aktiengesellschaft raised their target price on shares of Domino's Pizza from $555.00 to $580.00 and gave the stock a "buy" rating in a report on Tuesday. Wells Fargo & Company increased their target price on shares of Domino's Pizza from $475.00 to $525.00 and gave the stock an "equal weight" rating in a report on Tuesday. Argus boosted their price target on Domino's Pizza from $580.00 to $600.00 and gave the company a "buy" rating in a report on Tuesday. Barclays increased their price objective on Domino's Pizza from $405.00 to $470.00 and gave the stock an "underweight" rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their target price on Domino's Pizza from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $516.19.

Domino's Pizza Price Performance

Domino's Pizza stock traded down $3.72 during trading hours on Thursday, reaching $512.70. The company had a trading volume of 469,105 shares, compared to its average volume of 595,146. Domino's Pizza has a 12-month low of $285.84 and a 12-month high of $542.75. The company has a 50-day moving average price of $473.37 and a 200 day moving average price of $422.67. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 2.76 and a beta of 0.83.

Domino's Pizza (NYSE:DPZ - Get Free Report) last announced 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 firm had revenue of $1.08 billion for 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 company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $2.93 earnings per share.

Hedge Funds Weigh In On Domino's Pizza

Several institutional investors have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC purchased a new position in Domino's Pizza during the fourth quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its position in shares of Domino's Pizza by 127.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 82 shares of the restaurant operator's stock valued at $34,000 after buying an additional 46 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Domino's Pizza during the 3rd quarter valued at approximately $39,000. Quadrant Capital Group LLC lifted its position in shares of Domino's Pizza by 41.8% in the fourth 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 purchased a new position in shares of Domino's Pizza in the third quarter valued at about $49,000. Institutional investors own 94.63% of the company's stock.

Insider Activity at Domino's Pizza

In other news, CEO Russell J. Weiner sold 11,780 shares of Domino's Pizza stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $526.37, for a total value of $6,200,638.60. Following the completion of the sale, the chief executive officer now directly owns 32,001 shares in the company, valued at $16,844,366.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Russell J. Weiner sold 11,780 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $526.37, for a total transaction of $6,200,638.60. Following the transaction, the chief executive officer now directly owns 32,001 shares of the company's stock, valued at approximately $16,844,366.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Cynthia A. Headen sold 768 shares of Domino's Pizza stock in a transaction on Wednesday, March 13th. The stock was 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 of the company's stock, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Insiders have sold 13,401 shares of company stock valued at $6,995,948 over the last ninety days. Insiders own 0.76% of the company's stock.

Domino's Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 14th. Domino's Pizza's payout ratio is currently 39.43%.

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.