TriaGen Wealth Management LLC Purchases New Stake in Domino's Pizza Inc $DPZ

Key Points

• TriaGen Wealth Management LLC acquired 8,896 shares of Domino's Pizza Inc, valued at approximately $4,009,000, making it the fund's 20th largest position.
• Domino's Pizza reported $3.81 earnings per share for the last quarter, missing analysts' expectations, and also announced a quarterly dividend of $1.74 per share, reflecting a yield of 1.6%.
• Institutional investors own around 94.63% of Domino's Pizza stock, with various large stakeholders increasing their positions recently.

TriaGen Wealth Management LLC purchased a new stake in shares of Domino's Pizza Inc (NASDAQ:DPZ - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,896 shares of the restaurant operator's stock, valued at approximately $4,009,000. Domino's Pizza makes up 1.2% of TriaGen Wealth Management LLC's investment portfolio, making the stock its 20th biggest position.

Other large investors have also recently made changes to their positions in the company. RMG Wealth Management LLC bought a new stake in shares of Domino's Pizza during the second quarter worth about $25,000. Alpine Bank Wealth Management bought a new position in Domino's Pizza in the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new position in Domino's Pizza during the 1st quarter valued at about $27,000. Zions Bancorporation National Association UT bought a new stake in Domino's Pizza during the 1st quarter worth approximately $27,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Domino's Pizza in the second quarter worth approximately $29,000. 94.63% of the stock is owned by institutional investors.

Domino's Pizza Price Performance

Shares of Domino's Pizza stock opened at $422.91 on Tuesday. The firm has a market cap of $14.36 billion, a PE ratio of 24.56, a P/E/G ratio of 2.34 and a beta of 1.12. Domino's Pizza Inc has a 1 year low of $397.12 and a 1 year high of $500.55. The stock has a fifty day moving average price of $447.17 and a 200-day moving average price of $460.48.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The restaurant operator reported $3.81 earnings per share for the quarter, missing analysts' consensus estimates of $3.93 by ($0.12). Domino's Pizza had a negative return on equity of 15.09% and a net margin of 12.49%.The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the firm posted $4.03 earnings per share. Domino's Pizza's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Domino's Pizza Inc will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, September 15th. Domino's Pizza's dividend payout ratio is currently 40.42%.

Insider Activity

In related news, Director James A. Goldman sold 1,000 shares of Domino's Pizza stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $451.49, for a total value of $451,490.00. Following the sale, the director owned 3,384 shares of the company's stock, valued at approximately $1,527,842.16. The trade was a 22.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DPZ has been the topic of a number of recent research reports. Citigroup dropped their target price on Domino's Pizza from $500.00 to $480.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Benchmark raised their price objective on Domino's Pizza from $535.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Loop Capital lifted their price objective on shares of Domino's Pizza from $564.00 to $574.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada lowered shares of Domino's Pizza from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $550.00 to $500.00 in a research note on Tuesday, July 29th. Finally, Barclays increased their target price on shares of Domino's Pizza from $420.00 to $425.00 and gave the company an "underweight" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Domino's Pizza has a consensus rating of "Moderate Buy" and an average target price of $492.88.

Domino's Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.

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