Domino’s Pizza (NASDAQ:DPZ) Earns “Outperform” Rating from Wedbush

Domino’s Pizza (NASDAQ:DPZ)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $500.00 target price on the restaurant operator’s stock. Wedbush’s target price would suggest a potential upside of 4.36% from the company’s current price. 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, Q1 2025 earnings at $4.02 EPS, Q2 2025 earnings at $3.78 EPS, Q2 2025 earnings at $4.00 EPS, Q3 2025 earnings at $3.99 EPS, Q4 2025 earnings at $5.54 EPS, FY2025 earnings at $17.56 EPS, FY2025 earnings at $17.65 EPS, Q1 2026 earnings at $4.44 EPS, Q2 2026 earnings at $4.20 EPS, Q3 2026 earnings at $4.43 EPS, Q4 2026 earnings at $6.26 EPS and FY2026 earnings at $19.30 EPS.

Several other brokerages also recently issued reports on DPZ. Stephens upped their price target on Domino’s Pizza from $420.00 to $440.00 and gave the stock an “equal weight” rating in a report on Tuesday. Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Domino’s Pizza in a research note on Thursday, February 20th. 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. Finally, Loop Capital upgraded Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their price target for the stock from $419.00 to $559.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $503.41.

Domino’s Pizza Stock Performance

Shares of Domino’s Pizza stock opened at $479.11 on Tuesday. Domino’s Pizza has a 52 week low of $396.06 and a 52 week high of $542.75. The stock has a 50 day moving average price of $442.56 and a two-hundred day moving average price of $435.66. The stock has a market capitalization of $16.54 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in Domino’s Pizza by 100.0% in the 3rd quarter. Blue Trust Inc. now owns 126 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 63 shares during the period. Private Advisor Group LLC boosted its stake in shares of Domino’s Pizza by 12.7% in the 3rd quarter. Private Advisor Group LLC now owns 2,511 shares of the restaurant operator’s stock worth $1,080,000 after buying an additional 283 shares during the last quarter. Forsta AP Fonden grew its holdings in shares of Domino’s Pizza by 9.5% in the third quarter. Forsta AP Fonden now owns 10,400 shares of the restaurant operator’s stock worth $4,473,000 after acquiring an additional 900 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in shares of Domino’s Pizza by 24.1% in the third quarter. Baker Tilly Wealth Management LLC now owns 773 shares of the restaurant operator’s stock worth $333,000 after acquiring an additional 150 shares during the period. Finally, abrdn plc lifted its holdings in Domino’s Pizza by 0.9% in the third quarter. abrdn plc now owns 13,432 shares of the restaurant operator’s stock valued at $5,841,000 after acquiring an additional 119 shares during the period. 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.