What Is the Highest Domino's Pizza Stock Has Ever Been?

Key Points

• Domino's achieved its record high in the 2021 bull market.

• The company's business and stock strategies make it likely to eventually return to record highs.

• 10 stocks we like better than Domino's Pizza ›

Domino's (NASDAQ: DPZ) has attracted particular attention from investors in this decade. The world's largest pizza company was one of the few stocks to rise during the pandemic as the lockdowns made it a convenient option for takeout food.

As the pandemic wound down, its stock achieved a record high before dropping in the 2022 bear market. Although it has yet to return to its record high share price, Domino's stock may hold lessons and opportunities for investors.

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Domino's record high

Domino's closing record high occurred on Dec. 31, 2021, when it closed at $564.33 per share.

It made its one and only surge above $500 per share in November 2021, a time when many stocks had peaked during the 2021 bull market. Unfortunately, the stock slipped below the $500 per share mark on Jan. 11, 2022, never to return. Rising costs due to inflation, a delivery driver shortage, and slowing international sales also contributed to the declines.

Nearly four years after its peak, the stock is down approximately 25% from its all-time high. Nonetheless, investors have reason to believe it can eventually set a new record.

On the business side, a digital-first approach and partnerships with DoorDash (NASDAQ: DASH) and Uber's (NYSE: UBER) Uber Eats make ordering from Domino's easier. Additionally, offerings such as Parmesan-stuffed crust and promotions could motivate hungry customers to choose Domino's.

From an investor perspective, Domino's has a P/E ratio of 25, and its current $6.96 per share annual payout has a dividend yield of about 1.6%, well above the S&P 500 index average of 1.2%. Also, Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) became shareholders last year, another factor that could attract more investor interest.

Indeed, Domino's stock is nearly four years removed from its record high. Still, its options for business growth, a relatively low valuation, and its rising dividend could eventually take its stock back to its record high and beyond.

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Will Healy has positions in Berkshire Hathaway and Uber Technologies. The Motley Fool has positions in and recommends Berkshire Hathaway, Domino's Pizza, DoorDash, and Uber Technologies. The Motley Fool has a disclosure policy.