Berkshire Hathaway Inc Increases Stock Holdings in Domino’s Pizza Inc $DPZ

Berkshire Hathaway Inc boosted its position in Domino’s Pizza Inc (NASDAQ:DPZ) by 12.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,350,000 shares of the restaurant operator’s stock after purchasing an additional 368,055 shares during the period. Domino’s Pizza comprises 0.5% of Berkshire Hathaway Inc’s portfolio, making the stock its 20th biggest holding. Berkshire Hathaway Inc owned about 0.10% of Domino’s Pizza worth $1,396,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DPZ. Jump Financial LLC purchased a new position in Domino’s Pizza in the second quarter worth about $3,183,000. Investment Management Corp of Ontario lifted its position in shares of Domino’s Pizza by 68.3% during the 2nd quarter. Investment Management Corp of Ontario now owns 1,594 shares of the restaurant operator’s stock valued at $718,000 after buying an additional 647 shares in the last quarter. Sei Investments Co. lifted its position in shares of Domino’s Pizza by 21.7% during the 2nd quarter. Sei Investments Co. now owns 80,964 shares of the restaurant operator’s stock valued at $36,480,000 after buying an additional 14,452 shares in the last quarter. Glenview Trust co lifted its position in shares of Domino’s Pizza by 36.9% during the 2nd quarter. Glenview Trust co now owns 1,135 shares of the restaurant operator’s stock valued at $511,000 after buying an additional 306 shares in the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of Domino’s Pizza by 17.3% during the 2nd quarter. HUB Investment Partners LLC now owns 1,322 shares of the restaurant operator’s stock valued at $596,000 after buying an additional 195 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Down 1.9%

NASDAQ DPZ opened at $314.36 on Thursday. The stock’s 50 day moving average is $331.71 and its 200 day moving average is $377.33. Domino’s Pizza Inc has a 12 month low of $297.48 and a 12 month high of $496.00. The stock has a market cap of $10.46 billion, a PE ratio of 18.10, a P/E/G ratio of 1.49 and a beta of 0.97.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings results on Monday, April 27th. The restaurant operator reported $4.13 EPS for the quarter, missing analysts’ consensus estimates of $4.29 by ($0.16). Domino’s Pizza had a negative return on equity of 15.04% and a net margin of 11.89%.The business had revenue of $1.15 billion during the quarter. During the same quarter in the previous year, the company posted $4.33 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Domino’s Pizza Inc will post 19.07 EPS for the current fiscal year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $1.99 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.5%. Domino’s Pizza’s payout ratio is currently 45.83%.

Insider Buying and Selling

In related news, EVP Kelly E. Garcia sold 488 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $313.16, for a total value of $152,822.08. Following the transaction, the executive vice president directly owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. The trade was a 4.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 1,463 shares of company stock valued at $466,807. 0.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DPZ has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 28th. BTIG Research lowered their price objective on Domino’s Pizza from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Argus raised Domino’s Pizza to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group lowered their price objective on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a research report on Tuesday, April 28th. Finally, Morgan Stanley lowered their price objective on Domino’s Pizza from $430.00 to $395.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average price target of $418.13.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.