1,277,256 Shares in Domino's Pizza, Inc. (NYSE:DPZ) Bought by Berkshire Hathaway Inc

Berkshire Hathaway Inc bought a new position in Domino's Pizza, Inc. (NYSE:DPZ - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,277,256 shares of the restaurant operator's stock, valued at approximately $549,399,000. Domino's Pizza comprises about 0.2% of Berkshire Hathaway Inc's investment portfolio, making the stock its 27th largest holding. Berkshire Hathaway Inc owned about 3.70% of Domino's Pizza at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 39 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Domino's Pizza by 2,033.3% in the third quarter. True Wealth Design LLC now owns 64 shares of the restaurant operator's stock worth $28,000 after buying an additional 61 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Domino's Pizza in the 3rd quarter valued at approximately $30,000. Versant Capital Management Inc boosted its position in 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 purchasing an additional 72 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Domino's Pizza in the 3rd quarter valued at $43,000. 94.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens dropped their price target on Domino's Pizza from $430.00 to $420.00 and set an "equal weight" rating on the stock in a research report on Friday, October 11th. Benchmark reiterated a "buy" rating and set a $520.00 target price on shares of Domino's Pizza in a research note on Friday, October 11th. Loop Capital raised shares of Domino's Pizza from a "hold" rating to a "buy" rating and increased their price target for the company from $419.00 to $559.00 in a report on Friday, November 8th. Wells Fargo & Company lowered their price target on Domino's Pizza from $450.00 to $420.00 and set an "equal weight" rating on the stock in a research note on Friday, October 11th. Finally, Guggenheim reduced their price objective on Domino's Pizza from $485.00 to $460.00 and set a "neutral" rating for the company in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $495.76.

Domino's Pizza Price Performance

Shares of DPZ stock traded down $10.01 during trading hours on Monday, reaching $466.18. 656,712 shares of the company were exchanged, compared to its average volume of 608,233. Domino's Pizza, Inc. has a fifty-two week low of $390.48 and a fifty-two week high of $542.75. The stock's fifty day moving average is $433.11 and its two-hundred day moving average is $453.58. The company has a market cap of $16.10 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 2.57 and a beta of 0.86.

Domino's Pizza (NYSE:DPZ - Get Free Report) last announced its quarterly earnings data on Thursday, October 10th. The restaurant operator reported $4.19 EPS for the quarter, beating analysts' consensus estimates 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 negative return on equity of 14.35% and a net margin of 12.26%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $4.18 EPS. On average, research analysts anticipate that Domino's Pizza, Inc. will post 16.82 earnings per share for the current year.

Domino's Pizza Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $6.04 annualized dividend and a yield of 1.30%. Domino's Pizza's dividend payout ratio is currently 37.10%.

Insider Buying and Selling at Domino's Pizza

In other news, EVP Kevin Scott Morris sold 2,646 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $459.00, for a total value of $1,214,514.00. Following the transaction, the executive vice president now directly owns 1,966 shares in the company, valued at $902,394. This trade represents a 57.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew Balson sold 6,970 shares of Domino's Pizza stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $428.27, for a total value of $2,985,041.90. Following the sale, the director now directly owns 15,390 shares of the company's stock, valued at approximately $6,591,075.30. This trade represents a 31.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company's stock.

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.