Analysts Expect Domino’s Pizza, Inc. (DPZ) Will Post Quarterly Sales of $1.09 Billion

Equities research analysts forecast that Domino’s Pizza, Inc. (NYSE:DPZ) will report $1.09 billion in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Domino’s Pizza’s earnings, with the highest sales estimate coming in at $1.11 billion and the lowest estimate coming in at $1.06 billion. Domino’s Pizza reported sales of $891.51 million during the same quarter last year, which would suggest a positive year over year growth rate of 22.3%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 21st.

According to Zacks, analysts expect that Domino’s Pizza will report full year sales of $3.44 billion for the current fiscal year, with estimates ranging from $3.42 billion to $3.46 billion. For the next financial year, analysts expect that the business will post sales of $3.77 billion, with estimates ranging from $3.72 billion to $3.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Domino’s Pizza.

Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, February 21st. The restaurant operator reported $2.62 earnings per share for the quarter, missing analysts’ consensus estimates of $2.69 by ($0.07). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Domino’s Pizza had a net margin of 10.60% and a negative return on equity of 11.92%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS.

A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $276.00 target price for the company in a research report on Monday, January 14th. Wells Fargo & Co raised their target price on shares of Domino’s Pizza from $238.00 to $263.00 and gave the company a “market perform” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. Robert W. Baird raised their target price on shares of Domino’s Pizza from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group reissued a “hold” rating on shares of Domino’s Pizza in a research report on Wednesday, November 7th. Finally, Maxim Group reissued a “buy” rating and issued a $310.00 price objective on shares of Domino’s Pizza in a research report on Friday, January 18th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Domino’s Pizza has an average rating of “Buy” and a consensus target price of $283.73.

In related news, CEO Richard E. Allison, Jr. sold 5,000 shares of Domino’s Pizza stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the completion of the sale, the chief executive officer now owns 44,864 shares of the company’s stock, valued at approximately $12,530,963.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.97% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its stake in Domino’s Pizza by 1.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 3,168 shares of the restaurant operator’s stock worth $786,000 after purchasing an additional 48 shares in the last quarter. Brasada Capital Management LP raised its stake in Domino’s Pizza by 5.0% in the 4th quarter. Brasada Capital Management LP now owns 1,618 shares of the restaurant operator’s stock worth $401,000 after purchasing an additional 77 shares in the last quarter. Ffcm LLC raised its stake in Domino’s Pizza by 91.1% in the 4th quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 82 shares in the last quarter. Great Lakes Advisors LLC raised its stake in Domino’s Pizza by 10.1% in the 3rd quarter. Great Lakes Advisors LLC now owns 929 shares of the restaurant operator’s stock worth $274,000 after purchasing an additional 85 shares in the last quarter. Finally, CWM LLC raised its stake in Domino’s Pizza by 613.3% in the 4th quarter. CWM LLC now owns 107 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 92 shares in the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Domino’s Pizza stock traded down $25.48 during mid-day trading on Thursday, reaching $253.01. The company’s stock had a trading volume of 3,873,212 shares, compared to its average volume of 797,185. The company has a market cap of $11.61 billion, a P/E ratio of 47.38, a price-to-earnings-growth ratio of 1.72 and a beta of 0.67. Domino’s Pizza has a 12 month low of $218.00 and a 12 month high of $305.34.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.

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Earnings History and Estimates for Domino`s Pizza (NYSE:DPZ)

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