Berkshire Hathaway Inc Increases Holdings in Domino's Pizza, Inc. (NASDAQ:DPZ)

Berkshire Hathaway Inc raised its stake in Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 86.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,382,000 shares of the restaurant operator's stock after acquiring an additional 1,104,744 shares during the quarter. Domino's Pizza makes up approximately 0.4% of Berkshire Hathaway Inc's investment portfolio, making the stock its 22nd largest position. Berkshire Hathaway Inc owned approximately 6.90% of Domino's Pizza worth $999,868,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Sherman Asset Management Inc. purchased a new position in Domino's Pizza during the fourth quarter worth approximately $25,000. Brown Brothers Harriman & Co. lifted its position in shares of Domino's Pizza by 1,016.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 67 shares of the restaurant operator's stock valued at $28,000 after buying an additional 61 shares in the last quarter. Covestor Ltd grew its stake in Domino's Pizza by 158.1% in the 4th quarter. Covestor Ltd now owns 80 shares of the restaurant operator's stock valued at $34,000 after acquiring an additional 49 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Domino's Pizza by 40.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 91 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 26 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Domino's Pizza during the fourth quarter worth $42,000. Hedge funds and other institutional investors own 94.63% of the company's stock.

Domino's Pizza Stock Performance

Shares of NASDAQ DPZ traded down $2.67 during trading on Wednesday, reaching $476.82. The stock had a trading volume of 493,467 shares, compared to its average volume of 621,560. The company has a market cap of $16.33 billion, a P/E ratio of 29.29, a PEG ratio of 2.47 and a beta of 1.15. Domino's Pizza, Inc. has a fifty-two week low of $396.06 and a fifty-two week high of $538.44. The business's 50-day moving average price is $464.63 and its 200-day moving average price is $451.05.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last released its earnings results on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Domino's Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. Domino's Pizza's revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.58 EPS. Analysts forecast that Domino's Pizza, Inc. will post 16.74 EPS for the current fiscal year.

Domino's Pizza Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. The ex-dividend date is Friday, June 13th. This represents a $6.96 dividend on an annualized basis and a yield of 1.46%. Domino's Pizza's dividend payout ratio (DPR) is presently 39.91%.

Insider Buying and Selling at Domino's Pizza

In other news, CFO Reddy Sandeep sold 1,077 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $443.20, for a total value of $477,326.40. Following the sale, the chief financial officer now directly owns 8,081 shares in the company, valued at approximately $3,581,499.20. This trade represents a 11.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kelly E. Garcia sold 2,104 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $436.28, for a total value of $917,933.12. Following the transaction, the executive vice president now directly owns 5,699 shares of the company's stock, valued at $2,486,359.72. The trade was a 26.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,996 shares of company stock valued at $3,946,461 in the last 90 days. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DPZ shares. Robert W. Baird lifted their target price on shares of Domino's Pizza from $500.00 to $535.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Guggenheim lifted their price objective on Domino's Pizza from $450.00 to $460.00 and gave the stock a "neutral" rating in a report on Tuesday, April 22nd. TD Securities reissued a "buy" rating and set a $490.00 target price on shares of Domino's Pizza in a report on Monday, April 28th. Citigroup lifted their price target on Domino's Pizza from $480.00 to $500.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Finally, Benchmark increased their price objective on Domino's Pizza from $520.00 to $535.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $498.50.

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.