BUZZ-Domino's Pizza gains as Buffett's Berkshire takes bigger bite

Domino's Pizza DPZ.O shares up 2.3% premarket to $487.40 after Warren Buffett's Berkshire Hathaway BRKa.N disclosed bigger stake

Late Fri, Berkshire revealed it bought an additional 1.1 mln shares of world's largest pizza chain in Q4 2024, an 86% boost

Berkshire now owns ~2.4 mln shares, or 6.9% of DPZ, for stake worth ~$1 bln, as of the filing

Berkshire ranks as third largest DPZ investor, below Vanguard (11.7% stake) and T. Rowe Price (7.6%), and just above BlackRock (5.6%), LSEG data shows

Of 33 analysts covering DPZ, recommendation breakdown is 22 "strong buy" or "buy", 10 "hold" and 1 "sell"; median PT of $498 up from $475 on Nov 18

Through Fri close, shares up 13.6% YTD vs ~1% gain in S&P 500 Consumer Discretionary sector .SPLRCD and 4% advance in S&P 500 .SPX

DPZ due to release Q4 earnings on Mon, Feb 24, before the bell