Brokers Offer Predictions for Domino’s Pizza, Inc.’s Q3 2024 Earnings (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Analysts at Wedbush reduced their Q3 2024 earnings 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 of $3.71 per share for the quarter, down from their previous estimate of $3.74. Wedbush currently has a “Outperform” rating and a $520.00 target price 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 Q4 2024 earnings at $5.05 EPS, FY2024 earnings at $16.04 EPS, Q3 2025 earnings at $4.16 EPS and FY2025 earnings at $18.36 EPS.

A number of other equities analysts also recently commented on the stock. Morgan Stanley boosted 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 note on Friday, April 12th. Robert W. Baird lifted their price target on shares of Domino’s Pizza from $510.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. Citigroup lifted their price target on shares of Domino’s Pizza from $505.00 to $530.00 and gave the stock a “neutral” rating in a report on Tuesday. 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, TD Cowen reaffirmed a “buy” rating and issued a $550.00 price target on shares of Domino’s Pizza in a report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $516.19.

Domino’s Pizza Stock Up 0.4 %

Shares of NYSE:DPZ opened at $529.27 on Wednesday. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. Domino’s Pizza has a 52 week low of $285.84 and a 52 week high of $542.75. The firm has a 50 day moving average of $469.22 and a 200 day moving average of $420.72.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Monday, April 29th. The restaurant operator reported $3.58 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.12. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Domino’s Pizza had a net margin of 11.90% and a negative return on equity of 13.19%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.93 earnings per share.

Institutional Investors Weigh In On Domino’s Pizza

A number of institutional investors and hedge funds have recently bought and sold shares of DPZ. Coatue Management LLC purchased a new stake in Domino’s Pizza in the fourth quarter valued at $322,859,000. Norges Bank acquired a new position in Domino’s Pizza in the fourth quarter valued at $208,604,000. International Assets Investment Management LLC increased its stake in Domino’s Pizza by 39,287.9% in the fourth quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock valued at $205,883,000 after purchasing an additional 498,170 shares during the period. TD Asset Management Inc increased its stake in Domino’s Pizza by 66.8% in the fourth quarter. TD Asset Management Inc now owns 497,111 shares of the restaurant operator’s stock valued at $204,924,000 after purchasing an additional 199,060 shares during the period. Finally, FMR LLC increased its stake in Domino’s Pizza by 16.0% in the third quarter. FMR LLC now owns 1,428,765 shares of the restaurant operator’s stock valued at $541,202,000 after purchasing an additional 197,413 shares during the period. 94.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Domino’s Pizza

In related news, EVP Cynthia A. Headen sold 108 shares of Domino’s Pizza stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the firm’s stock in a transaction that occurred 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 approximately $1,935,762.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $346,767.36. Following the sale, the executive vice president now directly owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Domino’s Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $1.51 dividend. The ex-dividend date is Friday, June 14th. This represents a $6.04 annualized dividend and a yield of 1.14%. Domino’s Pizza’s dividend payout ratio (DPR) is presently 39.43%.

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.