Domino’s Pizza, Inc. (NYSE:DPZ) saw some unusual options trading on Thursday. Stock investors purchased 4,000 put options on the stock. This is an increase of approximately 1,270% compared to the typical daily volume of 292 put options.
A number of large investors have recently added to or reduced their stakes in DPZ. Acadian Asset Management LLC increased its stake in Domino’s Pizza by 2,691.3% in the 2nd quarter. Acadian Asset Management LLC now owns 8,625 shares of the restaurant operator’s stock worth $2,433,000 after acquiring an additional 8,316 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Domino’s Pizza by 3.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 53,832 shares of the restaurant operator’s stock worth $15,189,000 after acquiring an additional 1,760 shares during the last quarter. BP PLC boosted its holdings in shares of Domino’s Pizza by 20.0% in the 2nd quarter. BP PLC now owns 6,000 shares of the restaurant operator’s stock worth $1,693,000 after purchasing an additional 1,000 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Domino’s Pizza by 538.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,268 shares of the restaurant operator’s stock worth $6,847,000 after purchasing an additional 20,468 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of Domino’s Pizza by 3.5% in the 2nd quarter. Aperio Group LLC now owns 22,164 shares of the restaurant operator’s stock worth $6,254,000 after purchasing an additional 749 shares during the period. 93.22% of the stock is currently owned by institutional investors and hedge funds.
NYSE:DPZ opened at $280.18 on Friday. Domino’s Pizza has a 1 year low of $175.95 and a 1 year high of $305.34. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 1.89 and a beta of 0.41.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings data on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.20. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. The business had revenue of $786.00 million for the quarter, compared to the consensus estimate of $789.10 million. During the same quarter in the previous year, the company posted $1.27 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts expect that Domino’s Pizza will post 8.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, December 13th. Domino’s Pizza’s payout ratio is 41.20%.
DPZ has been the topic of several recent analyst reports. Zacks Investment Research downgraded Domino’s Pizza from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Maxim Group raised Domino’s Pizza from a “hold” rating to a “buy” rating and lifted their target price for the company from $305.00 to $310.00 in a research note on Wednesday, October 17th. Wells Fargo & Co lifted their target price on Domino’s Pizza from $255.00 to $260.00 and gave the company a “market perform” rating in a research note on Monday, October 8th. They noted that the move was a valuation call. Citigroup lifted their target price on Domino’s Pizza from $281.00 to $298.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, UBS Group initiated coverage on Domino’s Pizza in a research note on Monday, October 22nd. They set a “neutral” rating and a $285.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $277.00.
COPYRIGHT VIOLATION WARNING: “Domino’s Pizza Sees Unusually High Options Volume (DPZ)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/11/30/dominos-pizza-sees-unusually-high-options-volume-dpz.html.
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.
Featured Article: How Do You Make Money With Penny Stocks?
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.