Rench Wealth Management Inc. Increases Stock Holdings in Domino's Pizza, Inc. (NYSE:DPZ)

Rench Wealth Management Inc. grew its position in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,389 shares of the restaurant operator's stock after purchasing an additional 1,388 shares during the quarter. Rench Wealth Management Inc.'s holdings in Domino's Pizza were worth $4,469,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Domino's Pizza in the first quarter worth $263,000. Cetera Investment Advisers boosted its stake in Domino's Pizza by 422.7% during the first quarter. Cetera Investment Advisers now owns 7,721 shares of the restaurant operator's stock worth $3,836,000 after buying an additional 6,244 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Domino's Pizza during the first quarter worth $581,000. Mather Group LLC. boosted its stake in Domino's Pizza by 6.2% during the second quarter. Mather Group LLC. now owns 647 shares of the restaurant operator's stock worth $321,000 after buying an additional 38 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Domino's Pizza by 292.7% during the second quarter. Harbor Capital Advisors Inc. now owns 1,877 shares of the restaurant operator's stock worth $969,000 after buying an additional 1,399 shares in the last quarter. Institutional investors own 94.63% of the company's stock.

Domino's Pizza Trading Down 0.3 %

Shares of Domino's Pizza stock traded down $1.45 on Thursday, reaching $465.41. 465,953 shares of the company were exchanged, compared to its average volume of 606,792. Domino's Pizza, Inc. has a one year low of $390.48 and a one year high of $542.75. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.49 and a beta of 0.88. The company has a 50-day moving average of $435.55 and a 200 day moving average of $452.99.

Domino's Pizza (NYSE:DPZ - Get Free Report) last posted its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 earnings per share for the quarter, beating analysts' consensus estimates of $3.65 by $0.54. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the prior year, the business earned $4.18 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Domino's Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino's Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, December 13th. Domino's Pizza's dividend payout ratio (DPR) is presently 37.10%.

Insider Activity at Domino's Pizza

In other news, Director Andrew Balson sold 6,970 shares of the firm's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total transaction of $2,985,041.90. Following the completion of the transaction, the director now directly owns 15,390 shares in the company, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kevin Scott Morris sold 2,646 shares of Domino's Pizza stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the sale, the executive vice president now owns 1,966 shares of the company's stock, valued at approximately $902,394. The trade was a 57.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TD Cowen lifted their price target on shares of Domino's Pizza from $475.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Loop Capital upgraded shares of Domino's Pizza from a "hold" rating to a "buy" rating and boosted their target price for the company from $419.00 to $559.00 in a research note on Friday, November 8th. Barclays reduced their target price on shares of Domino's Pizza from $380.00 to $370.00 and set an "underweight" rating on the stock in a research note on Friday, October 11th. Citigroup reduced their target price on shares of Domino's Pizza from $450.00 to $440.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. Finally, Stephens reduced their target price on shares of Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $495.76.

About Domino's Pizza

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.