Domino’s Pizza (DPZ), which counts Berkshire Hathaway (BRK.B) (BRK.A) as its biggest investor after Vanguard, fell nearly 9% yesterday, April 27, as markets gave a thumbs-down to its Q1 2026 earnings. The stock has now extended its year-to-date (YTD) decline to nearly 20%, while the drawdown from 52-week highs is over 31%.
While we don’t know the exact price at which Berkshire bought DPZ, Barron’s estimates the number to be between $400 and $450 per share. Even going by the low end of that range, Berkshire is losing money on that investment, which was disclosed in Q3 2024 13F. Back then, I had noted that given the small size of that investment, it was unlikely that Buffett—who has since quit as the conglomerate’s CEO, handing over the baton to Greg Abel—had made the investment. I also argued that Domino’s and Pool Corp. (POOL), which was another new investment Berkshire disclosed in the quarter, did not appear to be good investments to me.
