Domino's Pizza Group (LON:DOM) Reaches New 12-Month Low on Analyst Downgrade

Key Points

• Domino's Pizza Group shares fell to a new 52-week low of GBX 196.20 ($2.61) amid increased trading volume, compared to the previous close at GBX 246 ($3.27).
• Analysts are divided on the stock; while Jefferies maintains a buy rating with a price target of GBX 380 ($5.05), Shore Capital has labeled it as "under review."
• Insider Ian Bull purchased 7,500 shares at GBX 212 ($2.82) shortly after the company reported earnings on August 5, 2023, where EPS was GBX 8.40 ($0.11).

Shares of Domino's Pizza Group plc (LON:DOM - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from GBX 350 to GBX 285. Royal Bank Of Canada currently has an outperform rating on the stock. Domino's Pizza Group traded as low as GBX 196.20 ($2.64) and last traded at GBX 202.80 ($2.73), with a volume of 10334716 shares traded. The stock had previously closed at GBX 246 ($3.31).

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 380 ($5.11) target price on shares of Domino's Pizza Group in a research report on Tuesday, August 5th. Shore Capital reiterated an "under review" rating on shares of Domino's Pizza Group in a research report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Domino's Pizza Group from GBX 400 ($5.38) to GBX 309 ($4.16) and set a "buy" rating for the company in a research report on Tuesday, August 5th.

Insider Transactions at Domino's Pizza Group

In other news, insider Ian Bull acquired 7,500 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of GBX 212 ($2.85) per share, for a total transaction of £15,900 ($21,385.34). Insiders own 16.56% of the company's stock.

Domino's Pizza Group Trading Down 0.4%

The stock has a market capitalization of £803.13 million, a price-to-earnings ratio of 10.55, a PEG ratio of 5.24 and a beta of 0.95. The company's 50-day moving average is GBX 248.82 and its 200-day moving average is GBX 269.72. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of -562.33.

Domino's Pizza Group (LON:DOM - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX 8.40 ($0.11) earnings per share (EPS) for the quarter. Domino's Pizza Group had a net margin of 11.44% and a negative return on equity of 67.25%. Research analysts anticipate that Domino's Pizza Group plc will post 23.3281005 earnings per share for the current fiscal year.

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.