DPZ Stock Summary and Trading Ideas (Domino's Pizza | NYSE:DPZ)

Domino's is a restaurant operator and franchiser with nearly 20,600 global stores across more than 90 international markets at the end of 2023. The firm generates revenue through the sales of pizza, wings, salads, sandwiches, and desserts at company-owned stores, royalty and marketing contributions from franchise-operated stores, and its network of 25 domestic (and five Canadian) dough manufacturing and supply chain facilities, which centralize purchasing, preparation, and last-mile delivery for the firm's U.S. and Canadian restaurants. With roughly $18.3 billion in 2023 system sales, Domino's is the largest player in the global pizza market, ahead of Pizza Hut, Little Caesars, and Papa John's.

Domino's Pizza trades on the NYSE stock market under the symbol DPZ.

As of April 18, 2024, DPZ stock price declined to $481.66 with 339,972 million shares trading.

DPZ has a beta of 1.29, meaning it tends to be more sensitive to market movements. DPZ has a correlation of 0.29 to the broad based SPY ETF.

DPZ has a market cap of $16.77 billion. This is considered a Large Cap stock.

Last quarter Domino's Pizza reported $1 billion in Revenue and $4.48 earnings per share. This fell short of revenue expectation by $-17 million and exceeded earnings estimates by $.11.

In the last 3 years, DPZ stock traded as high as $567.57 and as low as $285.84.

The top ETF exchange traded funds that DPZ belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

DPZ has outperformed the market in the last year with a return of +47.6%, while the SPY ETF gained +22.3%. In the last 3 month period, DPZ beat the market returning +14.4%, while SPY returned +6.1%. However, in the most recent 2 weeks DPZ has underperformed the stock market by returning -4.8%, while SPY returned -3.8%.

DPZ support price is $473.88 and resistance is $490.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DPZ stock will trade within this expected range on the day.