Q3 2024 EPS Estimates for Domino’s Pizza, Inc. Decreased by Zacks Research (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Stock analysts at Zacks Research decreased their Q3 2024 EPS estimates for Domino’s Pizza in a research report issued to clients and investors on Monday, July 29th. Zacks Research analyst M. Kaushik now expects that the restaurant operator will earn $3.59 per share for the quarter, down from their previous forecast of $3.63. The consensus estimate for Domino’s Pizza’s current full-year earnings is $16.19 per share. Zacks Research also issued estimates for Domino’s Pizza’s Q4 2024 earnings at $4.77 EPS, Q1 2025 earnings at $4.06 EPS, Q3 2025 earnings at $3.96 EPS, Q4 2025 earnings at $5.61 EPS, Q2 2026 earnings at $3.91 EPS and FY2026 earnings at $19.71 EPS.

Several other brokerages have also issued reports on DPZ. TD Securities reiterated a “buy” rating and issued a $580.00 price target on shares of Domino’s Pizza in a research note on Thursday, May 16th. Stifel Nicolaus lifted their price target on shares of Domino’s Pizza from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Citigroup lifted their price target on shares of Domino’s Pizza from $505.00 to $530.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Domino’s Pizza from $470.00 to $450.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $517.39.

Domino’s Pizza Trading Up 0.6 %

Domino’s Pizza stock opened at $429.00 on Thursday. Domino’s Pizza has a 1-year low of $330.05 and a 1-year high of $542.75. The company has a fifty day simple moving average of $488.74 and a 200 day simple moving average of $474.26. The company has a market cap of $15.00 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings data on Thursday, July 18th. The restaurant operator reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.35. Domino’s Pizza had a net margin of 12.42% and a negative return on equity of 14.22%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $3.08 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year.

Domino’s Pizza Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, September 13th. Domino’s Pizza’s payout ratio is 39.43%.

Institutional Trading of Domino’s Pizza

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its holdings in Domino’s Pizza by 4.6% in the 2nd quarter. Larson Financial Group LLC now owns 663 shares of the restaurant operator’s stock valued at $342,000 after purchasing an additional 29 shares during the period. Fortis Capital Advisors LLC bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $335,000. Endowment Wealth Management Inc. bought a new stake in Domino’s Pizza in the 2nd quarter valued at about $248,000. Convergence Investment Partners LLC boosted its holdings in Domino’s Pizza by 83.4% in the 2nd quarter. Convergence Investment Partners LLC now owns 1,392 shares of the restaurant operator’s stock valued at $719,000 after purchasing an additional 633 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in Domino’s Pizza by 3.2% in the 2nd quarter. Natixis Advisors LLC now owns 18,563 shares of the restaurant operator’s stock valued at $9,585,000 after purchasing an additional 577 shares during the period. Institutional investors own 94.63% of the company’s stock.

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.