FY2024 EPS Estimates for Domino’s Pizza Lowered by Wedbush

Domino’s Pizza, Inc. (NASDAQ:DPZ) – Research analysts at Wedbush lowered their FY2024 EPS estimates for Domino’s Pizza in a research report issued to clients and investors on Friday, February 21st. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings per share of $16.71 for the year, down from their previous estimate of $16.86. Wedbush has a “Outperform” rating and a $500.00 price objective on the stock. 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.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer increased their price objective on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Argus downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird decreased their target price on shares of Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday. BMO Capital Markets increased their price target on shares of Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Citigroup raised their target price on shares of Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $503.41.

Domino’s Pizza Stock Performance

DPZ opened at $470.14 on Monday. The firm’s fifty day moving average is $441.59 and its two-hundred day moving average is $435.35. The firm has a market cap of $16.23 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. Domino’s Pizza has a twelve month low of $396.06 and a twelve month high of $542.75.

Domino’s Pizza (NASDAQ:DPZ) last posted its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.47 billion. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $4.48 earnings per share.

Institutional Investors Weigh In On Domino’s Pizza

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Domino’s Pizza by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 410,467 shares of the restaurant operator’s stock valued at $172,298,000 after purchasing an additional 5,762 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Domino’s Pizza by 33.0% during the 4th quarter. Mackenzie Financial Corp now owns 3,816 shares of the restaurant operator’s stock valued at $1,602,000 after purchasing an additional 946 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $925,000. Novem Group bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $315,000. Finally, PharVision Advisers LLC bought a new stake in shares of Domino’s Pizza during the 4th quarter valued at approximately $318,000. 94.63% of the stock is owned by institutional investors.

Domino’s Pizza Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $1.74 dividend. This is a positive change from Domino’s Pizza’s previous quarterly dividend of $1.51. This represents a $6.96 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, March 14th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 37.10%.

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.