Streetbeat News

DPZ

Domino's Pizza, Inc.

https://www.dominos.com

Industry

Restaurants

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through 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. It also provides oven-baked sandwiches, pasta, boneless chicken and chicken wings, bread and dips side items, desserts, and soft drink products. As of January 2, 2022, the company operated approximately 18,800 stores in 90 markets. Domino's Pizza, Inc. was founded in 1960 and is based in Ann Arbor, Michigan.

Open

458.55

Mkt cap

15B

Volume

1.6M

High

460.24

P/E Ratio

26.47

52-wk high

542.75

Low

429.48

Div yield

0.01

52-wk low

367.24

Domino's Pizza Inc (NYSE:DPZ) reported Q4 earnings surpassing expectations with an EPS of $4.48 against a consensus of $4.38, and sales of $1.40 billion. Despite a slight miss on sales consensus, the company announced a 25% dividend increase to $1.51 and a $1 billion stock buyback. Analysts from JP Morgan, Oppenheimer, and Argus Research adjusted their price targets and ratings, reflecting a positive outlook on DPZ's performance.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 1:20 pm

Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Domino's Pizza (NYSE:DPZ) and increased the price target from $470 to $530.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:38 pm

Argus Research analyst John Staszak has upgraded Domino's Pizza (DPZ) from Hold to Buy while maintaining the price target at $530.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:29 pm

JP Morgan analyst John Ivankoe downgraded Domino's Pizza (NYSE:DPZ) from Overweight to Neutral but raised the price target from $420 to $430.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:54 am

Investor optimism declined further as the CNN Money Fear and Greed index remained in the 'Extreme Greed' zone. U.S. stocks closed lower ahead of major economic reports due this week. Domino's Pizza Inc (DPZ) shares rose 5.9% after reporting better-than-expected Q4 earnings, while Intuitive Machines, Inc. (LUNR) shares fell 35% due to a lunar lander incident. The Dow Jones, S&P 500, and Nasdaq all closed lower. Investors await earnings from The J. M. Smucker Company (SJM), Macy's, Inc. (M), Lowe's Companies, Inc. (LOW), and AutoZone, Inc. (AZO).

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 7:26 am

Jim Cramer, host of CNBC's 'Mad Money,' advises investors to remain bullish despite market uncertainties, highlighting companies like Domino's Pizza and Palo Alto Networks for their strong performance. He attributes stock rises to companies outperforming expectations and adapting well to challenges, rather than irrational market behavior. Cramer's perspective comes amid a record-breaking market rally in 2024, with a mix of optimism and caution among traders.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 1:46 am

Wall Street saw a subdued start to the week with major indices showing little change. The S&P 500 and Nasdaq 100 experienced minor adjustments, while the iShares Russell 2000 ETF (IWM) saw a slight increase. Treasury yields rose, impacting the iShares 20+ Year Treasury Bond ETF (TLT). In the stock market, Tesla (TSLA) and other EV stocks rallied, while Alphabet (GOOGL) fell due to concerns over its Gemini AI tool. Crypto-related stocks like Marathon Digital Holdings (MARA), Coinbase Global (COIN), and Riot Platforms (RIOT) surged alongside Bitcoin. Other notable movements included Palo Alto Networks (PANW) and R1 RCM (RCM) seeing significant gains.

Portfolio Pulse from Piero Cingari

February 26, 2024 | 7:35 pm

Freshpet, Inc. (NASDAQ:FRPT) shares surged 15.5% after reporting Q4 earnings and sales above estimates. Other stocks also moved significantly in Monday's mid-day session, with notable gainers including Akili, Inc. (NASDAQ:AKLI), ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA), and MicroCloud Hologram Inc. (NASDAQ:HOLO), among others. Losers included Aclarion, Inc. (NASDAQ:ACON) and Venus Concept Inc. (NASDAQ:VERO).

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 6:57 pm

U.S. stocks showed modest gains with the Nasdaq Composite up by 50 points. Domino's Pizza Inc. reported better-than-expected Q4 earnings, raising its dividend by 25% and authorizing a $1 billion stock buyback. Akili, Inc., ZyVersa Therapeutics, Inc., and MicroCloud Hologram Inc. saw significant stock price increases due to positive clinical trial results and market movements, respectively. Conversely, Aclarion, Inc., Intuitive Machines, Inc., and Brera Holdings PLC experienced notable declines in their stock prices.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 2:48 pm

Domino's Pizza Inc (NYSE:DPZ) shares rose after Q4 2023 earnings exceeded expectations, with a raised dividend and a new share buyback plan. The company reported a Q4 EPS of $4.48, surpassing the $4.38 consensus, and sales of $1.40 billion, slightly below the $1.42 billion estimate. Revenue growth was driven by higher global franchise royalties and fees, despite a decrease in U.S. franchise advertising revenues and increased labor and insurance costs. U.S. same-store sales grew by 2.8%, and international by 0.1%. The quarterly dividend was increased by 25% to $1.51, and a $1 billion stock buyback was authorized. The company also reported a 4.9% global retail sales growth and confirmed its long-term guidance.

Portfolio Pulse from Vandana Singh

February 26, 2024 | 2:02 pm

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