FY2022 EPS Estimates for Domino’s Pizza, Inc. Decreased by Analyst (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Research analysts at Oppenheimer cut their FY2022 EPS estimates for shares of Domino’s Pizza in a note issued to investors on Tuesday, January 11th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $15.17 for the year, down from their prior forecast of $15.45. Oppenheimer currently has a “Outperform” rating and a $565.00 price objective on the stock.

A number of other brokerages have also recently commented on DPZ. Bank of America initiated coverage on Domino’s Pizza in a report on Tuesday. They issued a “buy” rating and a $642.00 target price for the company. Stephens cut Domino’s Pizza from an “equal weight” rating to an “underweight” rating and set a $500.00 target price for the company. in a report on Wednesday, January 5th. Cowen dropped their target price on Domino’s Pizza from $575.00 to $550.00 and set an “outperform” rating for the company in a report on Friday, October 15th. TheStreet raised Domino’s Pizza from a “c+” rating to a “b” rating in a research note on Wednesday, December 1st. Finally, JPMorgan Chase & Co. decreased their price target on Domino’s Pizza from $475.00 to $470.00 in a research note on Friday. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Domino’s Pizza has a consensus rating of “Hold” and a consensus price target of $512.92.

Shares of Domino’s Pizza stock opened at $473.04 on Friday. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54. The stock has a 50 day moving average price of $525.87 and a 200-day moving average price of $507.03. Domino’s Pizza has a one year low of $319.71 and a one year high of $567.57.

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

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

Several hedge funds have recently bought and sold shares of DPZ. CI Investments Inc. purchased a new position in Domino’s Pizza in the third quarter worth approximately $39,000. Berman Capital Advisors LLC raised its stake in Domino’s Pizza by 138.1% in 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 in the last quarter. Destiny Wealth Partners LLC acquired a new stake in Domino’s Pizza in the third quarter valued at $51,000. Advisory Services Network LLC purchased a new position in shares of Domino’s Pizza during the second quarter worth about $58,000. Finally, Koshinski Asset Management Inc. grew its holdings in shares of Domino’s Pizza by 2,866.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 178 shares of the restaurant operator’s stock worth $100,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.

Domino’s Pizza Company Profile

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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