Domino’s Pizza (NYSE:DPZ) Given Outperform Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a research report report published on Friday morning, Benzinga reports. Wedbush currently has a $520.00 price objective on the restaurant operator’s stock. Wedbush also issued estimates for Domino’s Pizza’s Q2 2024 earnings at $3.69 EPS, 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.

Several other equities analysts have also issued reports on the company. Sanford C. Bernstein upgraded Domino’s Pizza from an underperform rating to a market perform rating and lifted their target price for the company from $330.00 to $370.00 in a research note on Tuesday, January 9th. Stephens reiterated an equal weight rating and issued a $479.00 target price on shares of Domino’s Pizza in a research note on Friday, April 12th. Morgan Stanley lifted their target price on Domino’s Pizza from $485.00 to $515.00 and gave the company an overweight rating in a research note on Friday, April 12th. TD Cowen reiterated a buy rating and issued a $550.00 target price on shares of Domino’s Pizza in a research note on Wednesday, April 10th. Finally, Gordon Haskett raised Domino’s Pizza from a hold rating to a buy rating and set a $467.00 price target for the company in a report on Tuesday, January 16th. One research 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. According to MarketBeat, Domino’s Pizza presently has a consensus rating of Moderate Buy and a consensus price target of $460.90.

Domino’s Pizza Trading Up 0.9 %

Shares of Domino’s Pizza stock opened at $499.07 on Friday. The firm has a market cap of $17.38 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.58 and a beta of 0.86. Domino’s Pizza has a 12 month low of $285.84 and a 12 month high of $508.44. The stock’s fifty day moving average price is $467.11 and its 200-day moving average price is $418.58.

Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings results on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, beating the consensus estimate of $4.38 by $0.10. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.42 billion. Domino’s Pizza had a negative return on equity of 12.56% and a net margin of 11.59%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $4.43 earnings per share. Analysts forecast that Domino’s Pizza will post 15.72 earnings per share for the current year.

Domino’s Pizza Increases Dividend

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

Insider Activity

In other news, EVP Cynthia A. Headen sold 768 shares of the company’s 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 transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Cynthia A. Headen sold 108 shares of the 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 of the company’s stock, valued at approximately $1,935,762.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total value of $346,767.36. Following the transaction, the executive vice president now directly owns 4,103 shares in the company, valued at approximately $1,852,586.56. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Domino’s Pizza

Hedge funds have recently bought and sold shares of the company. Tritonpoint Wealth LLC acquired a new position in Domino’s Pizza during the 4th quarter worth about $1,980,000. Nisa Investment Advisors LLC increased its holdings in Domino’s Pizza by 353.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock worth $1,686,000 after purchasing an additional 3,189 shares during the period. International Assets Investment Management LLC increased its holdings in Domino’s Pizza by 39,287.9% during the 4th quarter. International Assets Investment Management LLC now owns 499,438 shares of the restaurant operator’s stock worth $205,883,000 after purchasing an additional 498,170 shares during the period. Deutsche Bank AG increased its holdings in Domino’s Pizza by 41.2% during the 3rd quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after purchasing an additional 32,797 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in Domino’s Pizza during the 4th quarter worth about $269,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

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.