Keep an eye on Domino’s Pizza (SYM: DPZ).
It may be pricy at $440 a share, but it could easily see further upside. All after Warren Buffett’s Berkshire Hathaway announced it made a new investment in the pizza company in the third quarter. In fact, as of September 30, it now owns 1.28 million shares worth about $549 million.
Recent earnings were ok.
While its EPS of $4.19 beat by 53 cents, its revenue of $1.08 billion, up 5.14% year over year, missed by $18.12 million. Also, according to CEO Russell Weiner, “In our international business, we are on track for our 31st consecutive year of same store sales growth, demonstrating our sustained long-term track record of success. In the U.S., we drove our 4th straight quarter of profitable order count growth, highlighting that our strategies are driving positive outcomes.”
“The Hungry for MORE pillar of Renowned Value will be the primary focus for our business in near-term as we look to continue to create our own tailwinds around the world. Renowned Value is a competitive advantage for Domino’s and one where we are industry leaders. With the slate of initiatives, we have in place, I am confident that we will continue to win and grow our market share across the globe for years to come,” he added.
In addition, the company recently declared a quarterly dividend of $1.51, which is payable on December 27 to shareholders of record as of December 13.
