Domino’s Pizza’s (DPZ) “Outperform” Rating Reiterated at Wedbush

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating restated by Wedbush in a research note issued on Tuesday,Benzinga reports. They presently have a $500.00 price target on the restaurant operator’s stock. Wedbush’s price target would suggest a potential upside of 9.74% from the company’s previous close. Wedbush also issued estimates for Domino’s Pizza’s Q4 2024 earnings at $4.91 EPS, FY2024 earnings at $16.71 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 analysts have also recently issued research reports about the stock. TD Securities reaffirmed a “buy” rating and set a $490.00 price objective on shares of Domino’s Pizza in a research note on Monday. Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and boosted their target price for the stock from $419.00 to $559.00 in a report on Friday, November 8th. Robert W. Baird cut their price target on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday. Barclays lowered their price objective on Domino’s Pizza from $412.00 to $402.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, Citigroup upped their target price on Domino’s Pizza from $440.00 to $520.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Domino’s Pizza presently has a consensus rating of “Moderate Buy” and an average target price of $503.00.

Domino’s Pizza Stock Performance

Shares of DPZ opened at $455.64 on Tuesday. The stock has a 50 day moving average price of $441.12 and a 200 day moving average price of $435.12. Domino’s Pizza has a one year low of $396.06 and a one year high of $542.75. The stock has a market capitalization of $15.73 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 2.47 and a beta of 0.90.

Domino’s Pizza (NASDAQ:DPZ) last announced its earnings results on Monday, February 24th. The restaurant operator reported $4.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.04). The business had revenue of $1.44 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $4.48 EPS. On average, analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current year.

Institutional Investors Weigh In On Domino’s Pizza

Institutional investors and hedge funds have recently modified their holdings of the company. Sherman Asset Management Inc. purchased a new position in Domino’s Pizza during the 4th quarter valued at about $25,000. True Wealth Design LLC increased its stake in Domino’s Pizza by 2,033.3% during the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Domino’s Pizza by 1,016.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 61 shares in the last quarter. Covestor Ltd boosted its stake in shares of Domino’s Pizza by 158.1% in the fourth quarter. Covestor Ltd now owns 80 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 49 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Domino’s Pizza by 40.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors 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.