10 Best Food Stocks to Buy According to Billionaires

6. Domino’s Pizza, Inc. (NASDAQ:DPZ)

Total Number of Billionaires: 13 

Dollar Value of Billionaire Holdings: $1,392,251,707 

Domino’s Pizza, Inc. (NASDAQ:DPZ), a fast-food pizza restaurant, has a well-established food delivery system of its own. By not relying on outside delivery partners, the company can save money on fees and have complete control over the delivery process and customer experience, making it one of the best food stocks to take into account.

In the US, Domino’s Pizza, Inc. (NASDAQ:DPZ)’s market share has steadily increased, going from 13.5% in 2015 to 22.9% in 2024. There were over 1,750 new stores opened between 2015 and 2023. With the addition of 24 new sites in the US, the company expanded its system store count to 6,930 in fiscal Q3 2024. Additionally, there was a 5.1% growth in the business’s retail sales in the US. According to fiscal Q3 2024, its same-store sales increased by 3% for the fourth consecutive quarter. These positive results drove the company’s market share gains.

Domino’s Pizza, Inc. (NASDAQ:DPZ)’s strong internal delivery system provides a continuous competitive advantage. Furthermore, the company’s global operations have space to expand. To boost net store growth and create sales momentum in the global market, the company is implementing plans and strategies. For instance, it is focusing on aggressive promotional pricing to convey a constant value message to value-seeking clients, optimizing aggregator orders, and developing its company to include dine-in in addition to delivery.