Domino's Pizza Sees Unusually High Options Volume (DPZ)
Domino's Pizza, Inc. (NYSE:DPZ) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 11,602 put options on the stock. This is an increase of approximately 949% compared to the average daily volume of 1,106 put options.
In other news, CFO Jeffrey D. Lawrence sold 17,000 shares of Domino's Pizza stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the completion of the sale, the chief financial officer now owns 26,841 shares of the company’s stock, valued at $4,962,095.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.57% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of Domino's Pizza by 12.2% during the second quarter. Toronto Dominion Bank now owns 590 shares of the restaurant operator’s stock valued at $125,000 after buying an additional 64 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of Domino's Pizza by 23.8% during the fourth quarter. Synovus Financial Corp now owns 1,281 shares of the restaurant operator’s stock valued at $241,000 after buying an additional 246 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Domino's Pizza by 1.6% during the third quarter. Whittier Trust Co. now owns 18,412 shares of the restaurant operator’s stock valued at $3,656,000 after buying an additional 285 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Domino's Pizza by 24.6% during the third quarter. CIBC Asset Management Inc now owns 1,979 shares of the restaurant operator’s stock valued at $393,000 after buying an additional 391 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Domino's Pizza by 0.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 154,556 shares of the restaurant operator’s stock valued at $30,687,000 after buying an additional 489 shares during the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.
Domino's Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.15. Domino's Pizza had a net margin of 9.97% and a negative return on equity of 12.86%. The business had revenue of $891.50 million for the quarter, compared to analyst estimates of $904.79 million. During the same period in the previous year, the company earned $1.48 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. sell-side analysts anticipate that Domino's Pizza will post 7.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Domino's Pizza’s previous quarterly dividend of $0.46. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.97%. Domino's Pizza’s payout ratio is 31.19%.
Domino's Pizza announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 20th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the restaurant operator to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several analysts have recently weighed in on DPZ shares. Zacks Investment Research downgraded shares of Domino's Pizza from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Maxim Group raised shares of Domino's Pizza from a “hold” rating to a “buy” rating and lifted their price target for the company from $220.00 to $230.00 in a research note on Thursday, November 2nd. Oppenheimer reissued a “hold” rating on shares of Domino's Pizza in a research note on Monday, November 6th. Nomura raised shares of Domino's Pizza from a “neutral” rating to a “buy” rating and set a $201.00 price objective for the company in a research note on Wednesday, November 29th. Finally, Longbow Research reissued a “buy” rating and issued a $215.00 price objective on shares of Domino's Pizza in a research note on Tuesday, November 28th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Domino's Pizza has a consensus rating of “Buy” and an average price target of $226.49.
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Domino's Pizza Company Profile
Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.
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