Domino’s Pizza, Inc. to Post Q4 2022 Earnings of $4.72 Per Share, Jefferies Financial Group Forecasts (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Research analysts at Jefferies Financial Group reduced their Q4 2022 earnings per share estimates for Domino’s Pizza in a report released on Wednesday, January 12th. Jefferies Financial Group analyst A. Slagle now anticipates that the restaurant operator will post earnings of $4.72 per share for the quarter, down from their prior forecast of $4.83. Jefferies Financial Group has a “Hold” rating and a $500.00 price objective on the stock.

A number of other brokerages have also weighed in on DPZ. Barclays lowered Domino’s Pizza from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $500.00 to $495.00 in a research report on Wednesday, December 15th. Wells Fargo & Company decreased their target price on Domino’s Pizza from $509.00 to $501.00 and set an “equal weight” rating for the company in a research report on Friday, October 15th. Argus boosted their price target on Domino’s Pizza from $520.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, December 31st. Royal Bank of Canada cut their price target on Domino’s Pizza from $600.00 to $565.00 and set an “outperform” rating for the company in a research note on Friday, October 15th. Finally, JPMorgan Chase & Co. cut their price target on Domino’s Pizza from $475.00 to $470.00 in a research note on Friday. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza has an average rating of “Hold” and a consensus target price of $512.92.

Shares of NYSE:DPZ opened at $473.04 on Friday. Domino’s Pizza has a fifty-two week low of $319.71 and a fifty-two week high of $567.57. The business has a 50-day simple moving average of $525.87 and a two-hundred day simple moving average of $507.03. The firm 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.

Domino’s Pizza (NYSE:DPZ) last issued its earnings results on Thursday, October 14th. The restaurant operator reported $3.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.13. Domino’s Pizza had a negative return on equity of 13.34% and a net margin of 11.59%. The business had revenue of $998.00 million during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm earned $2.49 EPS. Domino’s Pizza’s revenue was up 3.1% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. raised its holdings in Domino’s Pizza by 4.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 8,525 shares of the restaurant operator’s stock valued at $4,066,000 after buying an additional 365 shares during the period. Budros Ruhlin & Roe Inc. raised its holdings in Domino’s Pizza by 1.5% during the 3rd quarter. Budros Ruhlin & Roe Inc. now owns 1,843 shares of the restaurant operator’s stock valued at $879,000 after buying an additional 28 shares during the period. Ibex Investors LLC purchased a new stake in Domino’s Pizza during the 2nd quarter valued at $1,679,000. Mn Services Vermogensbeheer B.V. raised its holdings in Domino’s Pizza by 1.1% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 28,800 shares of the restaurant operator’s stock valued at $13,736,000 after buying an additional 300 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in Domino’s Pizza by 0.9% during the 3rd quarter. Fisher Asset Management LLC now owns 373,226 shares of the restaurant operator’s stock valued at $178,014,000 after buying an additional 3,255 shares during the period. Institutional investors own 91.23% of the company’s stock.

In other news, EVP Cynthia A. Headen sold 1,565 shares of the company’s stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $500.00, for a total transaction of $782,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph Hugh Jordan sold 2,010 shares of the company’s stock in a transaction that occurred on Thursday, October 21st. The stock was 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. 1.32% of the stock is owned by corporate insiders.

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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