Domino’s Pizza Inc $DPZ Shares Purchased by Berkshire Hathaway Inc

Berkshire Hathaway Inc raised its stake in Domino’s Pizza Inc (NASDAQ:DPZ) by 0.5% in the second quarter, HoldingsChannel.com reports. The fund owned 2,633,868 shares of the restaurant operator’s stock after buying an additional 13,255 shares during the quarter. Domino’s Pizza accounts for 0.5% of Berkshire Hathaway Inc’s portfolio, making the stock its 21st biggest position. Berkshire Hathaway Inc owned about 0.08% of Domino’s Pizza worth $1,186,821,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its position in shares of Domino’s Pizza by 2.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 8,091 shares of the restaurant operator’s stock worth $3,631,000 after acquiring an additional 228 shares during the last quarter. Bank of Nova Scotia boosted its stake in Domino’s Pizza by 1,891.7% during the 2nd quarter. Bank of Nova Scotia now owns 71,920 shares of the restaurant operator’s stock valued at $32,400,000 after purchasing an additional 68,309 shares during the period. Sterling Capital Management LLC grew its position in Domino’s Pizza by 2,076.8% in the 2nd quarter. Sterling Capital Management LLC now owns 180,084 shares of the restaurant operator’s stock worth $81,146,000 after purchasing an additional 171,811 shares during the last quarter. Scientech Research LLC increased its stake in shares of Domino’s Pizza by 86.7% in the first quarter. Scientech Research LLC now owns 2,423 shares of the restaurant operator’s stock valued at $1,113,000 after purchasing an additional 1,125 shares during the period. Finally, Maverick Capital Ltd. bought a new stake in shares of Domino’s Pizza during the first quarter valued at approximately $11,647,000. 94.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DPZ shares. Piper Sandler reissued a “neutral” rating and issued a $445.00 price objective on shares of Domino’s Pizza in a report on Monday, November 24th. Barclays decreased their price target on Domino’s Pizza from $425.00 to $405.00 and set an “underweight” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Domino’s Pizza from $520.00 to $535.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Citigroup lowered their target price on shares of Domino’s Pizza from $500.00 to $480.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Finally, Weiss Ratings lowered shares of Domino’s Pizza from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Domino’s Pizza presently has an average rating of “Moderate Buy” and a consensus price target of $490.40.

Domino’s Pizza Stock Down 0.4%

NASDAQ:DPZ opened at $431.73 on Friday. The business’s 50-day moving average price is $413.36 and its 200 day moving average price is $440.44. Domino’s Pizza Inc has a 52-week low of $392.89 and a 52-week high of $500.55. The firm has a market cap of $14.59 billion, a P/E ratio of 25.23, a PEG ratio of 2.29 and a beta of 1.14.

Domino’s Pizza (NASDAQ:DPZ) last posted its quarterly earnings data on Tuesday, October 14th. The restaurant operator reported $4.08 earnings per share for the quarter, beating the consensus estimate of $3.96 by $0.12. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Domino’s Pizza had a net margin of 12.16% and a negative return on equity of 14.91%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.19 EPS. Sell-side analysts expect that Domino’s Pizza Inc will post 16.74 EPS for the current year.

Domino’s Pizza Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Monday, December 15th will be given a $1.74 dividend. The ex-dividend date is Monday, December 15th. This represents a $6.96 annualized dividend and a yield of 1.6%. Domino’s Pizza’s payout ratio is 40.68%.

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.