Domino's Pizza, Inc. (NYSE:DPZ – Get Rating) – Stock analysts at Oppenheimer dropped their Q3 2022 earnings per share (EPS) estimates for Domino's Pizza in a research report issued on Monday, October 3rd. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $2.86 for the quarter, down from their prior estimate of $2.94. Oppenheimer has a "Outperform" rating and a $415.00 price objective on the stock. The consensus estimate for Domino's Pizza's current full-year earnings is $12.56 per share. Oppenheimer also issued estimates for Domino's Pizza's Q4 2022 earnings at $4.05 EPS, FY2022 earnings at $12.23 EPS and FY2023 earnings at $14.22 EPS.
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Several other research analysts also recently issued reports on the company. Morgan Stanley lifted their price target on Domino's Pizza from $398.00 to $414.00 and gave the stock an "equal weight" rating in a research note on Monday, July 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on Domino's Pizza from $421.00 to $373.00 and set a "hold" rating for the company in a research report on Thursday, September 22nd. Bank of America dropped their price objective on Domino's Pizza from $512.00 to $490.00 and set a "buy" rating for the company in a research report on Friday, July 22nd. Credit Suisse Group lifted their price objective on Domino's Pizza to $425.00 in a research report on Friday, July 22nd. Finally, UBS Group upgraded Domino's Pizza from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $430.00 to $385.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $426.32.
Domino's Pizza Stock Up 4.5 %
NYSE:DPZ opened at $330.61 on Tuesday. The company has a market capitalization of $11.86 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 2.24 and a beta of 0.68. Domino's Pizza has a 52-week low of $300.63 and a 52-week high of $567.57. The stock has a fifty day simple moving average of $369.96 and a 200-day simple moving average of $375.91.
Domino's Pizza (NYSE:DPZ – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The restaurant operator reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. Domino's Pizza had a negative return on equity of 11.24% and a net margin of 10.63%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $3.12 EPS.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in DPZ. GPS Wealth Strategies Group LLC grew its holdings in Domino's Pizza by 1,300.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 84 shares of the restaurant operator's stock worth $33,000 after acquiring an additional 78 shares in the last quarter. Private Trust Co. NA acquired a new position in Domino's Pizza during the 2nd quarter worth $35,000. First Horizon Advisors Inc. boosted its holdings in shares of Domino's Pizza by 209.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 96 shares of the restaurant operator's stock valued at $36,000 after buying an additional 65 shares during the period. Vigilant Capital Management LLC acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $47,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Domino's Pizza in the 1st quarter valued at about $51,000. 96.44% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Cynthia A. Headen sold 103 shares of Domino's Pizza stock in a transaction on Monday, July 18th. The shares were sold at an average price of $409.26, for a total transaction of $42,153.78. Following the sale, the executive vice president now owns 3,090 shares of the company's stock, valued at approximately $1,264,613.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Cynthia A. Headen sold 103 shares of Domino's Pizza stock in a transaction on Monday, July 18th. The shares were sold at an average price of $409.26, for a total transaction of $42,153.78. Following the sale, the executive vice president now owns 3,090 shares of the company's stock, valued at approximately $1,264,613.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia A. Headen sold 65 shares of the firm's stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $396.75, for a total transaction of $25,788.75. Following the transaction, the executive vice president now directly owns 3,270 shares of the company's stock, valued at $1,297,372.50. The disclosure for this sale can be found here. Insiders have sold 4,190 shares of company stock valued at $1,625,744 in the last quarter. Company insiders own 1.12% of the company's stock.
Domino's Pizza Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.33%. The ex-dividend date was Wednesday, September 14th. Domino's Pizza's dividend payout ratio (DPR) is 34.35%.
Domino's Pizza Company Profile
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Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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