Warren Buffet loves Domino’s Pizza. His last slice cost an estimated $550 million, but there is probably an unlimited supply of sausage or pepperoni. Your choice, Mr. Buffet.
OMAHA, NE (USPress.News) According to TheStreet.com, Warren Buffet, the famous investment guru, has invested an estimated $550 million in Domino’s Pizza stock.
Buffet is known for investing in brands and financially sound companies as a long-term investor. According to TheStreet.com, Buffet purchased approximately 1.2 million shares, valued at $550 million. That’s a lot of pizza he expects them to sell, or he loves pizza. All fun aside, while it sounds like a considerable investment, it represents less than .21 percent of the Berkshire Hathaway holdings.
We are curious whether Buffet sees an end or the beginning of the end to the restaurant plaque that has affected the industry since the pandemic or whether his optimism is solely based on Domino’s Pizza or a love for pizza.
It would appear that it should solely rest on Domino’s Pizza’s finances and branding. Still, the restaurant industry has suffered massive changes caused by social and economic events started by the pandemic. Domino’s is a significant part of that industry. One could conclude that he sees opportunities in the restaurant industry and Domino’s Pizza.
