Domino’s Pizza (NYSE:DPZ) Earns Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Domino’s Pizza (NYSE:DPZ) in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $520.00 price target 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.

A number of other research firms have also commented on DPZ. Sanford C. Bernstein raised Domino’s Pizza from an underperform rating to a market perform rating and increased their price objective for the company from $330.00 to $370.00 in a research note on Tuesday, January 9th. Argus upgraded Domino’s Pizza from a hold rating to a buy rating and set a $530.00 target price on the stock in a research report on Tuesday, February 27th. Evercore ISI increased their target price on Domino’s Pizza from $510.00 to $560.00 and gave the stock an outperform rating in a research report on Monday, April 8th. Stephens reiterated an equal weight rating and set a $479.00 target price on shares of Domino’s Pizza in a research report on Friday, April 12th. Finally, Morgan Stanley increased their target price on Domino’s Pizza from $485.00 to $515.00 and gave the stock an overweight rating in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $460.90.

Domino’s Pizza Stock Performance

Domino’s Pizza stock opened at $499.07 on Friday. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 2.58 and a beta of 0.86. Domino’s Pizza has a fifty-two week low of $285.84 and a fifty-two week high of $508.44. The stock’s fifty day moving average is $467.11 and its two-hundred day moving average is $418.58.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings data on Monday, February 26th. The restaurant operator reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $0.10. The business 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% compared to the same quarter last year. During the same quarter last year, the company earned $4.43 earnings per share. As a group, sell-side analysts forecast that Domino’s Pizza will post 15.72 EPS for the current fiscal year.

Domino’s Pizza Increases Dividend

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

Insider Buying and Selling at Domino’s Pizza

In other Domino’s Pizza news, 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 owns 4,103 shares of the company’s stock, valued at approximately $1,852,586.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Domino’s Pizza news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the sale, the executive vice president now directly owns 3,910 shares in the company, valued at $1,935,762.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Cynthia A. Headen sold 768 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $451.52, for a total transaction of $346,767.36. Following the completion of the sale, the executive vice president now owns 4,103 shares in the company, valued at $1,852,586.56. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Domino’s Pizza

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tritonpoint Wealth LLC bought a new stake in Domino’s Pizza in the fourth quarter worth about $1,980,000. Nisa Investment Advisors LLC raised its position in Domino’s Pizza by 353.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,091 shares of the restaurant operator’s stock worth $1,686,000 after acquiring an additional 3,189 shares in the last quarter. International Assets Investment Management LLC raised its position 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 worth $205,883,000 after acquiring an additional 498,170 shares in the last quarter. Deutsche Bank AG raised its position in Domino’s Pizza by 41.2% in the third quarter. Deutsche Bank AG now owns 112,487 shares of the restaurant operator’s stock worth $42,609,000 after acquiring an additional 32,797 shares in the last quarter. Finally, HB Wealth Management LLC bought a new stake in Domino’s Pizza in the fourth quarter worth about $269,000. 94.63% of the stock is currently 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.