Is Dominos Pizza Inc (NYSE:DPZ) Predicted To Soar?

Dominos Pizza Inc (NYSE:DPZ) price on current trading day, rose 2.00% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $444.68.

A look at the stock’s price movement, the level at last check in today’s session was $435.97, moving within a range at $438.0201 and $460.235. The beta value (5-Year monthly) was 0.859 while the PE ratio in trailing twelve months stood at 27.32. Turning to its 52-week performance, $542.75 and $367.24 were the 52-week high and 52-week low respectively. Overall, DPZ moved 3.56% over the past month.

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Dominos Pizza Inc’s market cap currently stands at around $15.36 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24. The company has a Forward Dividend ratio of 5.74, with its dividend yield at 1.29%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Analysts have a consensus estimate of 1.48B for the company’s revenue for the quarter, with a low and high estimate of 1.45B and 1.52B respectively. The average forecast suggests up to a 5.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.75B, representing a 6.04% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that DPZ is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

26 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 17 recommend DPZ as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 2.59, with DPZ’s current price about 3.35% and 4.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.56, while 7-day volatility ratio is 2.41% and 1.99% in the 30-day chart. Further, Dominos Pizza Inc (DPZ) has a beta value of 0.85, and an average true range (ATR) of 11.03. Analysts have given the company’s stock an average 52-week price target of $480, forecast between a low of $325 and high of $600. Looking at the price targets, the low is 26.91% off recent price level in today’s trading while to achieve the yearly target high, it has to move -34.93%. Nonetheless, investors will most likely welcome a -7.94% jump to $480 which is the analysts’ median price.

If we refocus on Dominos Pizza Inc (NYSE:DPZ), historical trading data shows that trading volumes averaged 0.56 over the past 10 days and 634.40K over the past 3 months. The company’s latest data on shares outstanding shows there are 34.72 million shares.

The 0.57% of Dominos Pizza Inc’s shares are in the hands of company insiders while institutional holders own 102.87% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.07 million on 2024-10-31, giving us a short ratio of 3.07. The data shows that as of 2024-10-31 short interest in Dominos Pizza Inc (DPZ) stood at 677.0 of shares outstanding, with shares short rising to 1.84 million registered in 2024-09-30. Current price change has pushed the stock 7.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DPZ stock continues to rise going into the next quarter.

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