Deutsche Bank Aktiengesellschaft Downgrades Domino's Pizza Group (LON:DOM) to Hold

Key Points

• Domino's Pizza Group has been downgraded by Deutsche Bank to a "hold" rating, with a new price target set at GBX 235, down from GBX 309.
• Other brokerages, like Royal Bank Of Canada, have also lowered their price targets, indicating a shift in market sentiment towards the stock.
• Despite the downgrades, analysts maintain a consensus rating of "Moderate Buy" with an average price target of GBX 300.

Domino's Pizza Group (LON:DOM - Get Free Report) was downgraded by research analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a GBX 235 price target on the stock, down from their prior price target of GBX 309. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 19.17% from the company's previous close.

DOM has been the subject of several other research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 380 target price on shares of Domino's Pizza Group in a research report on Tuesday, August 5th. Royal Bank Of Canada reduced their price objective on Domino's Pizza Group from GBX 350 to GBX 285 and set an "outperform" rating for the company in a research report on Thursday, August 7th. Finally, Shore Capital reissued a "hold" rating on shares of Domino's Pizza Group in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 312.50.

Domino's Pizza Group Price Performance

Shares of LON DOM traded down GBX 2.80 during mid-day trading on Tuesday, reaching GBX 197.20. The company had a trading volume of 2,184,704 shares, compared to its average volume of 2,364,208. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of -562.33. The stock has a market cap of £768.91 million, a PE ratio of 995.96, a P/E/G ratio of 5.24 and a beta of 0.95. The company has a 50-day moving average price of GBX 217.64 and a two-hundred day moving average price of GBX 251.58. Domino's Pizza Group has a 1-year low of GBX 195.30 and a 1-year high of GBX 356.

Domino's Pizza Group (LON:DOM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported GBX 8.40 earnings per share (EPS) for the quarter. Domino's Pizza Group had a negative return on equity of 67.25% and a net margin of 11.44%. On average, equities analysts anticipate that Domino's Pizza Group will post 23.3281005 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robyn Perriss purchased 290,300 shares of Domino's Pizza Group stock in a transaction on Monday, August 11th. The stock was bought at an average price of GBX 210 per share, with a total value of £609,630. Also, insider Ian Bull purchased 7,500 shares of Domino's Pizza Group stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of GBX 212 per share, with a total value of £15,900. Insiders purchased 336,150 shares of company stock valued at $70,568,150 over the last quarter. Insiders own 11.76% of the company's stock.

Domino's Pizza Group Company Profile

Domino's Pizza is the UK's leading pizza brand and a major player in the Republic of Ireland. We are part of the global Domino's system, the biggest pizza delivery operator in the world. We hold the exclusive master franchise rights in the UK & Ireland under a long term agreement with Domino's Pizza International Franchising Inc, the international arm of Domino's Pizza Inc, which owns the Domino's brand.