Domino's Pizza Group (LON:DOM) Downgraded to "Hold" Rating by Deutsche Bank Aktiengesellschaft

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 equities researchers at Deutsche Bank Aktiengesellschaft to a "hold" rating in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They currently have a GBX 235 price target on the stock, down from their prior price target of GBX 309. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 17.03% from the company's previous close.

A number of other brokerages also recently commented on DOM. Royal Bank Of Canada lowered 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 note on Thursday, August 7th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 380 price target on shares of Domino's Pizza Group in a research report on Tuesday, August 5th. Finally, Shore Capital reiterated a "hold" rating on shares of Domino's Pizza Group in a research report on Monday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Domino's Pizza Group has a consensus rating of "Moderate Buy" and a consensus price target of GBX 300.

Domino's Pizza Group Stock Performance

DOM traded down GBX 3 during trading on Tuesday, reaching GBX 200.80. 27,759,465 shares of the company were exchanged, compared to its average volume of 2,515,927. The stock has a market cap of £782.95 million, a P/E ratio of 1,014.14, a PEG ratio of 5.24 and a beta of 0.95. The firm has a 50 day moving average of GBX 221.77 and a 200 day moving average of GBX 253.53. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of -562.33. Domino's Pizza Group has a 52 week low of GBX 195.30 and a 52 week high of GBX 356.

Domino's Pizza Group (LON:DOM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported GBX 8.40 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, sell-side analysts forecast that Domino's Pizza Group will post 23.3281005 EPS for the current fiscal year.

Insider Activity

In other news, insider Mitesh Patel acquired 38,350 shares of the business's stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of GBX 209 per share, for a total transaction of £80,151.50. Also, insider Ian Bull acquired 7,500 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of GBX 212 per share, with a total value of £15,900. Insiders bought a total of 336,150 shares of company stock worth $70,568,150 over the last 90 days. 11.76% of the stock is currently owned by company insiders.

About Domino's Pizza Group

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.

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