Berkshire Hathaway Inc Purchases 1,104,744 Shares of Domino's Pizza, Inc. (NASDAQ:DPZ)

Berkshire Hathaway Inc grew its position in shares of Domino's Pizza, Inc. (NASDAQ:DPZ - Free Report) by 86.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,382,000 shares of the restaurant operator's stock after purchasing an additional 1,104,744 shares during the quarter. Domino's Pizza makes up about 0.4% of Berkshire Hathaway Inc's investment portfolio, making the stock its 22nd largest position. Berkshire Hathaway Inc owned 6.90% of Domino's Pizza worth $999,868,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of Domino's Pizza by 278.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,060 shares of the restaurant operator's stock worth $4,643,000 after purchasing an additional 8,136 shares in the last quarter. Empowered Funds LLC boosted its stake in Domino's Pizza by 44.6% in the 4th quarter. Empowered Funds LLC now owns 5,713 shares of the restaurant operator's stock worth $2,398,000 after purchasing an additional 1,762 shares in the last quarter. Alta Capital Management LLC grew its position in Domino's Pizza by 20.5% during the 4th quarter. Alta Capital Management LLC now owns 7,144 shares of the restaurant operator's stock valued at $2,999,000 after purchasing an additional 1,214 shares during the last quarter. Principal Financial Group Inc. increased its stake in Domino's Pizza by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,687,863 shares of the restaurant operator's stock valued at $708,498,000 after purchasing an additional 21,705 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Domino's Pizza in the fourth quarter worth about $282,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Domino's Pizza Stock Performance

Shares of Domino's Pizza stock traded up $2.67 during trading on Friday, hitting $479.49. 213,116 shares of the stock traded hands, compared to its average volume of 620,182. Domino's Pizza, Inc. has a twelve month low of $396.06 and a twelve month high of $538.44. The stock has a market cap of $16.42 billion, a P/E ratio of 29.45, a PEG ratio of 2.47 and a beta of 1.15. The company has a fifty day moving average price of $464.23 and a two-hundred day moving average price of $451.54.

Domino's Pizza (NASDAQ:DPZ - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The restaurant operator reported $4.33 earnings per share for the quarter, topping the consensus estimate of $4.12 by $0.21. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.58 EPS. On average, equities research analysts expect 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 will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $1.74 per share. This represents a $6.96 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, June 13th. Domino's Pizza's dividend payout ratio (DPR) is currently 39.91%.

Insider Activity at Domino's Pizza

In related news, EVP Reddy Sandeep sold 399 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $462.18, for a total value of $184,409.82. Following the sale, the executive vice president now owns 8,756 shares in the company, valued at $4,046,848.08. This represents a 4.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kevin Scott Morris sold 5,416 shares of Domino's Pizza stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $437.00, for a total transaction of $2,366,792.00. Following the completion of the sale, the executive vice president now directly owns 793 shares in the company, valued at approximately $346,541. This represents a 87.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,996 shares of company stock worth $3,946,461 in the last quarter. Corporate insiders own 0.83% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on DPZ. Royal Bank of Canada increased their price objective on Domino's Pizza from $500.00 to $550.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Stephens restated an "equal weight" rating and set a $440.00 price objective on shares of Domino's Pizza in a research report on Wednesday, April 2nd. Wells Fargo & Company increased their price objective on shares of Domino's Pizza from $445.00 to $465.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Hsbc Global Res raised Domino's Pizza to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Citigroup increased their price target on Domino's Pizza from $480.00 to $500.00 and gave the company a "neutral" 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $498.50.

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.