Domino’s Pizza, Inc. to Post Q1 2022 Earnings of $3.40 Per Share, Oppenheimer Forecasts (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Investment analysts at Oppenheimer cut their Q1 2022 earnings per share (EPS) estimates for shares of Domino’s Pizza in a research note issued on Tuesday, January 11th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings per share of $3.40 for the quarter, down from their previous forecast of $3.45. Oppenheimer has a “Outperform” rating and a $565.00 price objective on the stock. Oppenheimer also issued estimates for Domino’s Pizza’s Q2 2022 earnings at $3.42 EPS, Q3 2022 earnings at $3.40 EPS, Q4 2022 earnings at $4.98 EPS and FY2023 earnings at $17.62 EPS.

A number of other brokerages have also issued reports on DPZ. Stephens lowered shares of Domino’s Pizza from an “equal weight” rating to an “underweight” rating and set a $500.00 price objective for the company. in a report on Wednesday, January 5th. BTIG Research lowered their price target on shares of Domino’s Pizza from $625.00 to $590.00 and set a “buy” rating for the company in a report on Friday, October 15th. Barclays downgraded shares of Domino’s Pizza from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $500.00 to $495.00 in a research report on Wednesday, December 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Domino’s Pizza from $485.00 to $468.00 and set a “hold” rating for the company in a research report on Friday, October 15th. Finally, TheStreet raised shares of Domino’s Pizza from a “c+” rating to a “b” rating in a research report on Wednesday, December 1st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza has an average rating of “Hold” and an average target price of $512.92.

Shares of NYSE DPZ opened at $473.04 on Thursday. The company has a 50 day simple moving average of $525.87 and a 200 day simple moving average of $507.03. The firm has a market cap of $17.21 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54. Domino’s Pizza has a 1 year low of $319.71 and a 1 year high of $567.57.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Thursday, October 14th. The restaurant operator reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.13. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 13.34%. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company posted $2.49 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year.

In related news, EVP Cynthia A. Headen sold 1,565 shares of the business’s stock in a transaction dated Thursday, November 4th. The stock was sold at an average price of $500.00, for a total value of $782,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph Hugh Jordan sold 2,010 shares of the business’s stock in a transaction dated Thursday, October 21st. The shares were sold at an average price of $467.16, for a total value of $938,991.60. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.

A number of institutional investors have recently made changes to their positions in DPZ. CI Investments Inc. bought a new stake in Domino’s Pizza in the 3rd quarter valued at about $39,000. Berman Capital Advisors LLC increased its position in shares of Domino’s Pizza by 138.1% during the second quarter. Berman Capital Advisors LLC now owns 100 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 58 shares during the period. Destiny Wealth Partners LLC bought a new stake in shares of Domino’s Pizza during the third quarter valued at about $51,000. Advisory Services Network LLC bought a new stake in shares of Domino’s Pizza during the second quarter valued at about $58,000. Finally, Maverick Capital Ltd. increased its position in shares of Domino’s Pizza by 110.2% during the third quarter. Maverick Capital Ltd. now owns 185 shares of the restaurant operator’s stock valued at $88,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 91.23% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists of primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.

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