Domino’s Pizza Sees Unusually High Options Volume (DPZ)

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.

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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.

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