Domino’s Pizza, Inc. (NYSE:DPZ) – Wedbush dropped their Q2 2021 earnings per share estimates for Domino’s Pizza in a research report issued to clients and investors on Friday, April 30th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of $2.98 per share for the quarter, down from their previous estimate of $2.99. Wedbush has a “Outperform” rating and a $480.00 price objective on the stock. Wedbush also issued estimates for Domino’s Pizza’s Q3 2021 earnings at $3.10 EPS, Q4 2021 earnings at $4.32 EPS, Q2 2022 earnings at $3.75 EPS, Q3 2022 earnings at $3.79 EPS and Q4 2022 earnings at $4.99 EPS.
A number of other brokerages also recently weighed in on DPZ. Oppenheimer boosted their price target on Domino’s Pizza from $405.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Domino’s Pizza from $369.00 to $380.00 and gave the company a “hold” rating in a report on Wednesday, March 31st. MKM Partners decreased their price target on Domino’s Pizza from $445.00 to $440.00 and set a “neutral” rating for the company in a report on Thursday, January 7th. The Goldman Sachs Group started coverage on shares of Domino’s Pizza in a research report on Tuesday, January 19th. They issued a “buy” rating and a $425.00 price target on the stock. Finally, Argus decreased their price target on shares of Domino’s Pizza from $455.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, March 9th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Domino’s Pizza has a consensus rating of “Buy” and a consensus price target of $429.68.
DPZ stock opened at $433.99 on Monday. The business’s 50-day moving average price is $385.79 and its two-hundred day moving average price is $381.47. The firm has a market cap of $16.85 billion, a PE ratio of 37.19, a P/E/G ratio of 2.14 and a beta of 0.38. Domino’s Pizza has a 1-year low of $319.71 and a 1-year high of $436.63.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Thursday, April 29th. The restaurant operator reported $3.00 EPS for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.06. Domino’s Pizza had a negative return on equity of 14.11% and a net margin of 11.98%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Alpha DNA Investment Management LLC purchased a new stake in shares of Domino’s Pizza during the fourth quarter worth $25,000. FIL Ltd grew its stake in shares of Domino’s Pizza by 708.3% in the fourth quarter. FIL Ltd now owns 97 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 85 shares during the last quarter. Gemmer Asset Management LLC lifted its holdings in Domino’s Pizza by 41.7% in the fourth quarter. Gemmer Asset Management LLC now owns 119 shares of the restaurant operator’s stock worth $46,000 after buying an additional 35 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Domino’s Pizza during the fourth quarter valued at approximately $63,000. Finally, Meeder Asset Management Inc. raised its holdings in Domino’s Pizza by 28.6% in the 1st quarter. Meeder Asset Management Inc. now owns 171 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 38 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Monday, June 14th. Domino’s Pizza’s dividend payout ratio is currently 39.29%.
Domino’s Pizza Company Profile
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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