Domino's Pizza Group (LON:DOM) Sets New 12-Month Low After 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).

Domino's Pizza Group plc (LON:DOM - Get Free Report) shares reached a new 52-week low 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 analysts have also recently issued reports about the company. Shore Capital reiterated an "under review" rating on shares of Domino's Pizza Group in a report on Tuesday. Jefferies Financial Group reiterated a "buy" rating and set a GBX 380 ($5.11) price target on shares of Domino's Pizza Group in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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 report on Tuesday.

Insiders Place Their Bets

In other Domino's Pizza Group news, insider Ian Bull acquired 7,500 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of GBX 212 ($2.85) per share, with a total value of £15,900 ($21,385.34). 16.56% of the stock is currently owned by insiders.

Domino's Pizza Group Price Performance

The stock has a market capitalization of £803.13 million, a P/E ratio of 10.55, a PEG ratio of 5.24 and a beta of 0.95. The company has a debt-to-equity ratio of -562.33, a quick ratio of 0.83 and a current ratio of 0.86. The firm has a fifty day moving average price of GBX 248.82 and a two-hundred day moving average price of GBX 269.88.

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

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.