Analysts Set Expectations for Domino’s Pizza FY2024 Earnings

Domino’s Pizza, Inc. (NASDAQ:DPZ) – Analysts at Wedbush reduced their FY2024 earnings per share estimates for Domino’s Pizza in a report released on Friday, February 21st. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $16.71 per share for the year, down from their prior estimate of $16.86. 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.

Several other equities analysts have also issued reports on the company. Barclays decreased their target price 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. Oppenheimer increased their target price on Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Domino’s Pizza in a research note on Thursday. Loop Capital raised Domino’s Pizza from a “hold” rating to a “buy” rating and increased their price target for the company from $419.00 to $559.00 in a research report on Friday, November 8th. Finally, Morgan Stanley reduced their price target on Domino’s Pizza from $510.00 to $496.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $505.67.

Domino’s Pizza Stock Down 2.0 %

Shares of Domino’s Pizza stock opened at $462.37 on Monday. The business’s fifty day simple moving average is $440.97 and its 200-day simple moving average is $435.00. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The firm has a market cap of $15.97 billion, a PE ratio of 28.40, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sherman Asset Management Inc. purchased a new position in Domino’s Pizza during the 4th quarter worth approximately $25,000. True Wealth Design LLC grew its stake in shares of Domino’s Pizza by 2,033.3% in the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Domino’s Pizza by 1,016.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. Covestor Ltd grew its stake in shares of Domino’s Pizza by 158.1% in the 4th 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 last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Domino’s Pizza by 40.0% in the 4th 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 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.