Oppenheimer Research Analysts Decrease Earnings Estimates for Domino’s Pizza, Inc. (NYSE:DPZ)

Domino’s Pizza, Inc. (NYSE:DPZ) – Equities research analysts at Oppenheimer lowered their Q4 2019 earnings per share (EPS) estimates for shares of Domino’s Pizza in a research note issued to investors on Tuesday, October 8th. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings of $2.94 per share for the quarter, down from their prior estimate of $2.99. Oppenheimer has a “Buy” rating and a $295.00 price objective on the stock. Oppenheimer also issued estimates for Domino’s Pizza’s Q1 2020 earnings at $2.36 EPS, Q2 2020 earnings at $2.27 EPS, Q3 2020 earnings at $2.44 EPS, Q4 2020 earnings at $3.78 EPS, FY2020 earnings at $10.84 EPS and FY2021 earnings at $12.15 EPS.

Domino’s Pizza (NYSE:DPZ) last posted its quarterly earnings results on Tuesday, October 8th. The restaurant operator reported $2.05 EPS for the quarter, missing the Zacks’ consensus estimate of $2.06 by ($0.01). Domino’s Pizza had a net margin of 10.79% and a negative return on equity of 12.92%. The firm had revenue of $820.81 million for the quarter, compared to analysts’ expectations of $827.23 million. During the same quarter in the previous year, the company earned $1.95 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year.

DPZ has been the topic of a number of other research reports. MKM Partners set a $265.00 price target on shares of Domino’s Pizza and gave the company a “hold” rating in a report on Wednesday. Northcoast Research reiterated a “neutral” rating on shares of Domino’s Pizza in a report on Monday, October 7th. Wells Fargo & Co increased their price target on shares of Domino’s Pizza from $261.00 to $271.00 and gave the company a “market perform” rating in a report on Wednesday. Argus cut shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Goldman Sachs Group initiated coverage on shares of Domino’s Pizza in a report on Monday, July 29th. They issued a “neutral” rating and a $280.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $287.00.

NYSE:DPZ opened at $257.79 on Thursday. The company’s 50 day moving average price is $239.53 and its 200-day moving average price is $259.79. Domino’s Pizza has a 52 week low of $220.90 and a 52 week high of $302.05. The stock has a market cap of $10.47 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.84 and a beta of 0.50.

Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its stake in shares of Domino’s Pizza by 9.4% during the 1st quarter. US Bancorp DE now owns 1,590 shares of the restaurant operator’s stock worth $411,000 after acquiring an additional 136 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Domino’s Pizza by 24.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,880 shares of the restaurant operator’s stock worth $485,000 after acquiring an additional 370 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of Domino’s Pizza by 24.8% during the 1st quarter. Federated Investors Inc. PA now owns 18,482 shares of the restaurant operator’s stock worth $4,770,000 after acquiring an additional 3,673 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of Domino’s Pizza during the 1st quarter worth $158,000. Finally, Northern Trust Corp boosted its stake in shares of Domino’s Pizza by 3.8% during the 1st quarter. Northern Trust Corp now owns 404,854 shares of the restaurant operator’s stock worth $104,493,000 after acquiring an additional 14,955 shares during the last quarter. Institutional investors own 94.96% of the company’s stock.

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

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