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

Domino’s Pizza Inc (NASDAQ:DPZ) was the target of unusually large options trading on Friday. Traders purchased 2,760 call options on the company. This represents an increase of approximately 81% compared to the average daily volume of 1,528 call options.

Domino’s Pizza Stock Down 0.5%

DPZ stock traded down $1.59 during mid-day trading on Friday, hitting $296.06. The company had a trading volume of 211,004 shares, compared to its average volume of 914,241. The company has a 50-day moving average price of $336.37 and a 200 day moving average price of $339.15. Domino’s Pizza has a 12-month low of $282.00 and a 12-month high of $442.35. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.38 and a beta of 0.94.

Domino’s Pizza (NASDAQ:DPZ) last issued its earnings results on Monday, July 20th. The restaurant operator reported $4.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $3.81 earnings per share. As a group, analysts expect that Domino’s Pizza will post 18.94 EPS for the current year.

Domino’s Pizza Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.99 per share. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.7%. Domino’s Pizza’s payout ratio is 45.15%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group raised their price target on shares of Domino’s Pizza from $375.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. TD Cowen increased their price target on shares of Domino’s Pizza from $310.00 to $320.00 and gave the stock a “hold” rating in a research report on Thursday, September 10th. Benchmark reiterated a “buy” rating on shares of Domino’s Pizza in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Wells Fargo & Company lifted their target price on Domino’s Pizza from $325.00 to $350.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Sixteen analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $398.06.

Insider Buying and Selling at Domino’s Pizza

In related news, CEO Russell Weiner sold 10,850 shares of the stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $330.83, for a total value of $3,589,505.50. Following the completion of the transaction, the chief executive officer directly owned 43,829 shares in the company, valued at $14,499,948.07. This trade represents a 19.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kelly Garcia sold 12,430 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $322.04, for a total transaction of $4,002,957.20. Following the completion of the sale, the executive vice president owned 9,352 shares in the company, valued at approximately $3,011,718.08. This trade represents a 57.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,767 shares of company stock valued at $7,737,107 in the last three months. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Andina Capital Management LLC increased its holdings in Domino’s Pizza by 3.1% during the 4th quarter. Andina Capital Management LLC now owns 1,097 shares of the restaurant operator’s stock worth $457,000 after purchasing an additional 33 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Domino’s Pizza by 97.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 69 shares of the restaurant operator’s stock worth $29,000 after buying an additional 34 shares in the last quarter. Unified Investment Management increased its stake in shares of Domino’s Pizza by 5.5% during the fourth quarter. Unified Investment Management now owns 745 shares of the restaurant operator’s stock valued at $311,000 after buying an additional 39 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Domino’s Pizza by 30.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 193 shares of the restaurant operator’s stock valued at $81,000 after acquiring an additional 45 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Domino’s Pizza by 23.0% in the fourth quarter. Allworth Financial LP now owns 267 shares of the restaurant operator’s stock valued at $111,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 94.63% of the company’s stock.

About Domino’s Pizza

Domino’s Pizza, Inc is a global restaurant company that operates and franchises stores under the Domino’s brand. Its core business centers on the preparation and delivery of made-to-order pizzas, with carryout and digital ordering also playing important roles in its customer service model.

The company’s menu includes a variety of pizzas, crusts and toppings, along with side dishes, chicken, sandwiches, desserts and beverages. Domino’s also operates a supply chain business that produces and distributes food, equipment and other products to company-owned and franchised stores, supporting consistency across its restaurant network.

Founded in 1960 in Ypsilanti, Michigan, Domino’s was initially known as Dominick’s before adopting its current name in 1965.