Domino's Pizza Group (LON:DOM) Stock Price Down 16.3% - Here's What Happened

Key Points

• Domino's Pizza Group shares experienced a significant drop of 16.3%, trading as low as GBX 196.20 ($2.61) during mid-day trading.
• Analysts from Jefferies Financial Group maintained a "buy" rating while setting a target price of GBX 380 ($5.05) on the stock.
• Insider Ian Bull purchased 7,500 shares at an average price of GBX 212 ($2.82), highlighting confidence in the company's potential despite the recent stock downturn.

Shares of Domino's Pizza Group plc (LON:DOM - Get Free Report) dropped 16.3% during mid-day trading on Tuesday . The company traded as low as GBX 196.20 ($2.61) and last traded at GBX 205.80 ($2.74). Approximately 13,176,312 shares changed hands during mid-day trading, an increase of 572% from the average daily volume of 1,961,567 shares. The stock had previously closed at GBX 246 ($3.27).

Analyst Upgrades and Downgrades

DOM has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 380 ($5.05) target price on shares of Domino's Pizza Group in a research note on Tuesday. Shore Capital reiterated an "under review" rating on shares of Domino's Pizza Group in a research note on Tuesday.

Domino's Pizza Group Price Performance

The stock has a market cap of £791.42 million, a PE ratio of 10.40, a P/E/G ratio of 5.24 and a beta of 0.95. The company has a debt-to-equity ratio of -562.33, a current ratio of 0.86 and a quick ratio of 0.83. The business has a fifty day moving average of GBX 253.47 and a 200 day moving average of GBX 272.03.

Domino's Pizza Group (LON:DOM - Get Free Report) last issued its quarterly earnings results 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%. Sell-side analysts anticipate that Domino's Pizza Group plc will post 23.3281005 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Ian Bull bought 7,500 shares of Domino's Pizza Group stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of GBX 212 ($2.82) per share, with a total value of £15,900 ($21,132.38). Corporate insiders own 16.56% 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.

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