Domino's Pizza Group (LON:DOM) Shares Down 16.2% on Analyst Downgrade

Key Points

• Domino's Pizza Group shares fell 16.2%, trading between GBX 196.20 ($2.61) and GBX 206.20 ($2.74) amidst a surge in trading volume, increasing by 529% from the average.
• Analysts have mixed views, with Jefferies reaffirming a "buy" rating and setting a target price of GBX 380 ($5.05), while Shore Capital has issued an "under review" rating.
• The company's performance metrics show a market capitalization of £810.15 million and significant challenges, reflected in a negative return on equity of 67.25%.

Domino's Pizza Group plc (LON:DOM - Get Free Report) dropped 16.2% during mid-day trading on Tuesday 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 206.20 ($2.77). Approximately 12,303,756 shares changed hands during mid-day trading, an increase of 529% from the average daily volume of 1,955,750 shares. The stock had previously closed at GBX 246 ($3.31).

Several other equities analysts also recently commented on DOM. 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 report on Tuesday. Shore Capital reiterated an "under review" rating on shares of Domino's Pizza Group in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Domino's Pizza Group from GBX 400 ($5.38) to GBX 309 ($4.16) and set a "buy" rating on the stock in a report on Tuesday.

Insider Buying and Selling

In related news, insider Ian Bull acquired 7,500 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were bought at an average price 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 company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of -562.33. The firm has a market capitalization of £803.13 million, a P/E ratio of 10.55, a P/E/G ratio of 5.24 and a beta of 0.95. The firm has a 50-day moving average of GBX 248.82 and a two-hundred day moving average of GBX 269.88.

Domino's Pizza Group (LON:DOM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported GBX 8.40 ($0.11) earnings per share 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, analysts anticipate that Domino's Pizza Group plc will post 23.3281005 EPS for the current 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.