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

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a report issued on Tuesday,Benzinga reports. They presently have a $500.00 target price on the restaurant operator’s stock. Wedbush’s price target indicates a potential upside of 9.74% from the stock’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.

DPZ has been the topic of a number of other reports. Morgan Stanley dropped their price objective on shares of Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a report on Tuesday, January 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Domino’s Pizza in a research report on Thursday, February 20th. Robert W. Baird cut their price objective on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday. Citigroup raised their price objective on Domino’s Pizza from $440.00 to $520.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Finally, TD Securities reiterated a “buy” rating and issued a $490.00 target price on shares of Domino’s Pizza in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Moderate Buy” and a consensus target price of $503.00.

Domino’s Pizza Stock Performance

Shares of NASDAQ DPZ opened at $455.64 on Tuesday. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75. The company has a market cap of $15.73 billion, a PE ratio of 27.99, a P/E/G ratio of 2.47 and a beta of 0.90. The business has a 50-day simple moving average of $441.12 and a two-hundred day simple moving average of $435.12.

Domino’s Pizza (NASDAQ:DPZ) last released its earnings results on Monday, February 24th. The restaurant operator reported $4.89 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.04). The company 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 firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $4.48 earnings per share. On average, sell-side analysts predict that Domino’s Pizza will post 16.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Domino’s Pizza

A number of hedge funds have recently bought and sold shares of DPZ. Berkshire Hathaway Inc raised its stake in shares of Domino’s Pizza by 86.5% during the 4th quarter. Berkshire Hathaway Inc now owns 2,382,000 shares of the restaurant operator’s stock worth $999,868,000 after buying an additional 1,104,744 shares during the period. FMR LLC increased its holdings in Domino’s Pizza by 16.3% in the 3rd quarter. FMR LLC now owns 2,189,836 shares of the restaurant operator’s stock worth $941,936,000 after acquiring an additional 307,528 shares in the last quarter. Principal Financial Group Inc. raised its position in Domino’s Pizza by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator’s stock worth $708,498,000 after acquiring an additional 21,705 shares during the period. Geode Capital Management LLC raised its position in Domino’s Pizza by 10.7% during the fourth quarter. Geode Capital Management LLC now owns 955,160 shares of the restaurant operator’s stock worth $403,203,000 after acquiring an additional 92,389 shares during the period. Finally, Invesco Ltd. lifted its holdings in Domino’s Pizza by 46.0% during the fourth quarter. Invesco Ltd. now owns 609,036 shares of the restaurant operator’s stock valued at $255,649,000 after purchasing an additional 191,752 shares in the last quarter. Hedge funds and other 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.