Berkshire Hathaway Inc Buys New Position in Domino’s Pizza, Inc. (NYSE:DPZ)

Berkshire Hathaway Inc purchased a new position in Domino’s Pizza, Inc. (NYSE:DPZ) in the third quarter, HoldingsChannel reports. The firm purchased 1,277,256 shares of the restaurant operator’s stock, valued at approximately $549,399,000. Domino’s Pizza accounts for 0.2% of Berkshire Hathaway Inc’s portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC raised its stake in Domino’s Pizza by 2,033.3% during the 3rd quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 61 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Domino’s Pizza during the third quarter valued at approximately $30,000. Blue Trust Inc. lifted its holdings in shares of Domino’s Pizza by 162.5% in the second quarter. Blue Trust Inc. now owns 63 shares of the restaurant operator’s stock worth $31,000 after buying an additional 39 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Domino’s Pizza by 654.5% during the second quarter. Versant Capital Management Inc now owns 83 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 72 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Domino’s Pizza during the third quarter worth $43,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino’s Pizza Trading Up 0.8 %

Domino’s Pizza stock opened at $476.19 on Monday. The stock has a market cap of $16.44 billion, a P/E ratio of 29.25, a PEG ratio of 2.57 and a beta of 0.86. The company has a 50-day moving average price of $433.11 and a 200 day moving average price of $454.04. Domino’s Pizza, Inc. has a 12-month low of $386.88 and a 12-month high of $542.75.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating the consensus estimate of $3.65 by $0.54. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Domino’s Pizza had a net margin of 12.26% and a negative return on equity of 14.35%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.18 EPS. As a group, analysts forecast that Domino’s Pizza, Inc. will post 16.82 EPS for the current year.

Domino’s Pizza Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, December 13th. Domino’s Pizza’s dividend payout ratio is presently 37.10%.

Insider Transactions at Domino’s Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $459.00, for a total value of $1,214,514.00. Following the completion of the transaction, the executive vice president now owns 1,966 shares of the company’s stock, valued at approximately $902,394. This trade represents a 57.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew Balson sold 6,970 shares of Domino’s Pizza stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 owns 15,390 shares of the company’s stock, valued at $6,591,075.30. This trade represents a 31.17 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

DPZ has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Domino’s Pizza from $580.00 to $535.00 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. BMO Capital Markets lowered their price objective on shares of Domino’s Pizza from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Barclays lowered their price target on shares of Domino’s Pizza from $380.00 to $370.00 and set an “underweight” rating for the company in a report on Friday, October 11th. Benchmark restated a “buy” rating and set a $520.00 price objective on shares of Domino’s Pizza in a research report on Friday, October 11th. Finally, BTIG Research dropped their target price on Domino’s Pizza from $580.00 to $500.00 and set a “buy” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Domino’s Pizza currently has a consensus rating of “Moderate Buy” and a consensus target price of $495.76.

Domino’s Pizza 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.